Identify whether the following characteristics/facts are relevant to a finance (capital)lease.

Name: Identify whether the following characteristics/facts are relevant to a finance (capital)lease.
Brand: Quizplus
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\begin{array} { | l | c | } \hline & ext { Yes / No } \\hline ext { Lease is for land. } & ext { No } \\hline ext { The lease contains a bargain purchase option after } 3 ext { years. } & ext { Yes } \\hline ext { Lease is for manufacturing equipment. } & ext { No } \\hline ext { Minimum lease payments comprise } 80 \% ext { of the fair value of the leased asset. } & ext { No } \\hline ext { Lease does not transfer title to the lessee at the end of the lease. } & ext { Yes } \\hline ext { Lease payments exclude executory costs. } & ext { No } \\hline\end{array}

Identify Whether the Following Characteristics/facts Are Relevant to a Finance