All of the Following Criteria Would Qualify a Lease as a Capital

question 63

Multiple Choice

All of the following criteria would qualify a lease as a capital lease EXCEPT:

• A)the present value of the lease payments equals 70% of the market value of the leased asset.
• B)the lease term is 80% of the asset's estimated useful life.
• C)title to the leased asset transfers to the lessee at the end of the lease term.
• D)the lease agreement contains a bargain purchase option.

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Definitions:

Preconscious

A term in psychoanalytic theory referring to the part of the mind that contains thoughts and feelings that are not currently in consciousness but can be readily brought to consciousness.

Anima/Animus

Concepts in Jungian psychology representing the unconscious feminine side in men (anima) and the unconscious masculine side in women (animus).

Shadow

In Jungian psychology, the shadow aspect refers to the unconscious part of the personality which the conscious ego does not identify in itself, often containing repressed weaknesses and shortcomings.

Persona

A social mask or identity one presents to the world, often different from one's true self.