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Which of the Following Criteria Would Require a Lessee to Classify

Question 82

Multiple Choice

Which of the following criteria would require a lessee to classify a lease of land as a capital lease? 1. Transfer of ownersinp
2. Contains a bargain purchase option
3. Lease tem is 75% 75 \% of economic life
4. Present value of lease payments is 90% 90 \% of fair value


A) any of the above criteria
B) criterion 1 or 2
C) criterion 1, 2, or 3
D) criterion 1, 2, or 4

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