If the Present Value of the Lease Payments Is at Least

question 254

True/False

If the present value of the lease payments is at least 90% of the fair market value at the start of the lease, this would cause a lease to be declared a capital lease for accounting purposes.

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Definitions:

Instrumental Values

Values that shape the acceptable behaviors that can be used to achieve some goal or end state.

Work Values

The beliefs and principles about work that are important to an individual, influencing their job choices and satisfaction.

Cultural Values

The core principles and ideals upon which an entire community exists and functions.

Attractiveness

A feature or combination of features that pleases the aesthetic senses, especially the sight, or appeals to other social or personal criteria.