Of the Four Criteria for a Capital Lease,which Two Are

question 1

Multiple Choice

Of the four criteria for a capital lease,which two are not applied if the lease begins during the final quarter of the asset's useful life?

• A)The 75% test and the bargain purchase option.
• B)The 90% test and the 75% test.
• C)The 90% test is the only one to which this applies.
• D)The bargain purchase and the passage of title criteria.

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