26-(CMA adapted, Dec 92 #10) There are many similarities between lessee and lessor accounting for the capitalization of leases. Which one of the following is a criterion for the capitalization of a lease by a lessee?

a. The present value of the minimum lease payments is 75% or more of the fair market value of the leased asset.

b. The lease transfers ownership of the property to the lessee by the end of the lease term.

c. Future costs are reasonably predictable.

d. The lease term is at least 60% of the remaining life of the asset at the beginning of the lease.

e. The lease term is at least 90% of the remaining life of the asset at the beginning of the lease.