On February 1 of the Current Year, Greenstein Corporation Leased

question 34

Multiple Choice

On February 1 of the current year, Greenstein Corporation leased equipment under a six-year noncancellable lease. The estimated economic of the equipment is ten years. The fair value of the equipment is $1,100,000. The lease does not contain a bargain purchase option or a transfer of title. Greenstein must classify this lease as a capital lease if the present value of the minimum lease payments is at least ________.

• A) $825,000
• B) $880,000
• C) $990,000
• D) $1,100,000

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Definitions:

Secondary Punisher

A stimulus that has acquired punishing properties through association with other punishers.

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes, or the analysis and judgment of the merits and faults of a literary or artistic work.

Electric Shock

A sudden discharge of electricity through a part of the body, which can be used therapeutically in certain psychiatric treatments but also poses risks.

Reinforcement

The process by which a stimulus or event strengthens or increases the probability of the response that it follows.