Question
19) Which one of these conditions qualifies a lease as a finance lease? A) The lease contains a bargain purchase price at the end of
19) Which one of these conditions qualifies a lease as a "finance lease?"
A) The lease contains a bargain purchase price at the end of the lease.
B) The lease must have a value of at least $10 million.
C) The present value of the minimum lease payments is at least 75% of the fair value of the asset.
D) All of these options are correct.
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
