3 GAAP list five criteria for determining when a lease should be classified as a finance lease by a lessee. Which of the following is a criterion? O The present value of the lease payments equals or exceeds 75% of the fair value of the leased property. The lease agreement provides for the transfer of ownership of the leased property. The lease term equals 75% or more of the remaining estimated useful life of the leased property. The lessee guarantees the residual value of the leased property