7. which of the following is not one of the characteristics of the financing lease?

1. The lease transfers ownership of the leased asset to the lessee at the end of the lease term.
2. The lease contains a bargain purchase option.
3. The lease term is 75% or more of the estimated remaining economic life of the leased asset, unless the lease term begins in the last 25% of the total estimated economic life of the leased asset.
4. the contact lease does not transfer the martial rewards and risks associated with the leased asset.