Which of the following is not among the criteria for classifying a lease as a capital lease?
A)The present value of the minimum lease payments is greater than or equal to 75% of the fair value of the asset.
B)The noncancellable lease term is greater than or equal to 75% of the estimated economic life of the asset.
C)The lease specifies that ownership of the asset transfers to the lessee.
D)The lease contains a bargain purchase option.

Question

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The Answer of Which of the following is not among the criteria for classifying a lease as a capital lease?
A)The present value of the minimum lease payments is greater than or equal to 75% of the fair value of the asset.
B)The noncancellable lease term is greater than or equal to 75% of the estimated economic life of the asset.
C)The lease specifies that ownership of the asset transfers to the lessee.
D)The lease contains a bargain purchase option.

Which of the Following Is Not Among the Criteria for Classifying