On March 1 of the Current Year,Stafford Corporation Leased Equipment

question 380

Essay

On March 1 of the current year,Stafford Corporation leased equipment under a six-year noncancellable lease.The estimated economic of the equipment is nine years.The fair value of the equipment is $750,000.The lease does not contain a bargain purchase option or a transfer of title.Stafford must classify this lease as a capital lease if the present value of the minimum lease payments is at least ________.
A)$500,000
B)$562,500
C)$675,000
D)$750,000

• A)$500,000
• B)$562,500
• C)$675,000
• D)$750,000

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Definitions:

Educational Success

Achievement of learning objectives and acquiring knowledge and skills, often measured by grades, degree completion, and personal development.

Language Accent

Distinctive ways of pronunciation characteristic of a particular group of people, often determined by geographical, social, or ethnic background.

Enriched Environments

Settings or conditions that provide increased sensory, cognitive, and social stimulation, which are thought to enhance learning and development.

Synapses

The junctions between neurons through which they communicate with each other, transmitting signals via chemical or electrical means.