Question
All of the following would qualify a lease as a capital lease except: The lease term is 80% of the asset's estimated useful life. The
All of the following would qualify a lease as a capital lease except:
The lease term is 80% of the asset's estimated useful life.
The lease agreement contains a bargain purchase option.
The present value of the lease payments equals 70% of the fair market value of the leased asset.
Title to the leased asset transfers to the lessee at the end of the lease term.
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Tax Audit Techniques In Cash Based Economies A Practical Guide
Authors: Sheikh Sajjad Hassan
2nd Edition
0955354048, 978-0955354045
