Under ASPE, a Lessor May Classify a Lease as a Finance

question 109

Multiple Choice

Under ASPE, a lessor may classify a lease as a finance lease if:

• A)Either the credit risk relating to the lease and lessee are normal OR the lessor's unreimbursable costs can be reasonably estimated in order to meet the finance lease criteria under ASPE.
• B)Both the credit risk relating to the lease and lessee are normal AND the lessor's unreimbursable costs can be reasonably estimated in order to meet the finance lease criteria under ASPE.
• C)The lessor's unreimbursable costs can be reasonably estimated.
• D)The credit risk relating to the lease and lessee are normal.

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