Which of the Following Characteristics Would Cause a Lease to Be

Which of the following characteristics would cause a lease to be declared a capital lease for accounting purposes?

A) The present value of the lease payments equals 60% of the fair market value at the start of the lease.
B) The lease does not transfer ownership of the property to the lessee by the end of the lease term.
C) The lessee can purchase the asset at a price below fair market value when the lease expires.
D) The lease term is at least 50% of the estimated economic life of the asset.
E) The lessor maintains the insurance and maintenance on the leased asset.