A company must account for a leased asset as a capital lease by recording an asset and liability on the company's balance sheet if it had assumed the risk and reward of ownership. Which one the following is "not" one of the defining conditions FASB has established to determine that the risk and reward of ownership has been transferred from the lessor to the lessee?

the present value of the lease payments is greater than 90% of the fair market value of the leased asset
	the lease transfers title at the end of the lease
	the lease contains a bargain purchase option
	the lease term is greater than 50% of the asset's useful life