The Lessee Must Record a Lease as an Asset If

question 50

Multiple Choice

The lessee must record a lease as an asset if the lease

• A) transfers ownership of the property to the lessor.
• B) contains a purchase option.
• C) term is 75% or more of the useful life of the leased property.
• D) payments equal or exceed 90% of the fair market value of the leased property.

---

Definitions:

Prognosis

Prognosis is the likely outcome or course of a disease, often regarding the chances of recovery.

Schizophrenia

A serious psychiatric disorder highlighted by abnormalities in reasoning, sensing, emotional state, expression, self-awareness, and activities.

Onset

The beginning or start of something, often used in the context of symptoms or diseases.

Positive Symptoms

In psychiatry, symptoms that add to the normal behavior or experience, such as hallucinations or delusions.