1 Under U.S. GAAP, which of the following items would require a lessee to classify a lease of equipment as a capital lease? There is no transfer of ownership to the lessee at the end of the lease term. The lease does not contain a bargain purchase option. The lease term is 90% of the estimated economic life of the lease property. The present value of the contractual minimum lease payments is 75% of the fair value of the leased property. Pow