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and also give reason ! ty SFAS #13 established for criteria for determining if a lease qualifies as a capital lease or an operating lease.
and also give reason ! ty
SFAS #13 established for criteria for determining if a lease qualifies as a capital lease or an operating lease. Which of the following criteria could be met/satisfied for a lease to be classified as a capital lease? The lease transfers ownership of the property to the lessee at the end of the lease. The lease term is equal to or greater than 75% of the estimated economic useful life of the real estate. The current value of the rents and other minimum lease payments equal or exceeds 90% of the fair market value of the lease property. A and B. All of the aboveStep by Step Solution
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