Which of the Following Criteria Would Not Apply in Determining

question 33

Multiple Choice

Which of the following criteria would not apply in determining if a lease is a capital lease if the beginning of the lease term falls within the last 25% of the total estimated economic life of the leased asset?

• A) the lease is non-cancelable
• B) the lease contains a bargain purchase option
• C) the lease transfers ownership of the property to the lessee by the end of the lease term
• D) the lease term is equal to 75% or more of the estimated economic life of the leased property

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Church Community

A social and religious group of people who share the same faith and gather in a church for worship.

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