A lease will be treated as a non-tax lease if it satisfies any of the following conditions EXCEPT: O the property may be acquired at the fair market value of the asset at the time when the option may be exercised. O some portion of the lease payments is specifically designated as interest or its equivalent. O the lessee receives ownership of the asset on completion of all lease payments. O the total amount that the lessee is required to pay for a relatively short period of use constitutes an. inordinately large proportion of the total value of the asset