Based upon the standards issued by CICA, a ﬁnancial lease must be capitalized if the lease term is
75% or more of the estimated economic life of the asset.

Name: Based upon the standards issued by CICA, a ﬁnancial lease must be capitalized if the lease term is 75% or more of the estimated economic life of the asset.
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According to CICA standards, a financial lease must be capitalized if the lease term is 75% or more of the estimated economic life of the asset.

Based Upon the Standards Issued by CICA, a ﬁNancial Lease