Which of the following is a one of the criteria for recording a lease as a finance lease, under IFRS?
A) The lease term is for the major part of the economic life of the asset.
B) The lease must be cancelable.
C) The lease doesn't contain a bargain-purchase option.
D) The present value of the minimum lease payments amounts to 75% of the fair value of the leased asset.
Correct Answer:
Verified
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