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1. Which of the following statement is correct regarding the lease capitalization criteria? a. The lease transfer ownership of the asset to the lessor b.
1. Which of the following statement is correct regarding the lease capitalization criteria? a. The lease transfer ownership of the asset to the lessor b. The lease contains the purchase option c. The lease term is equal to at least 75% of the economic life of the leased asset d. The minimum lease payments is at least 90% of the fair value of the leased asset
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
