Which of the Following Meets the Criteria for a Capitalized

question 83

Multiple Choice

Which of the following meets the criteria for a capitalized lease under GAAP in the U.S.?

• A)The present value of the future minimum payments is $90,000 and the fair value is $110,000.
• B)The lessee can purchase the asset for an amount that is greater than fair vale at the end of the lease.
• C)The lease term is ten years and the useful life of the asset is 11 years.
• D)Title does not transfer by the end of the lease term.

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