- Attempt 1/2 for 8.5 pts Part 1 A financial lease is a lease that satisfies any of the following requirements Check all that apply: O The length of the lease is for at least 75% of the economic life of the asset. The lease contract grants ownership of the asset to the lessee before the lease expires The lessee can purchase the asset at a price below market value when the lease expires. The present value of the lease payments account for at least 90% of the asset's value The lease is cancelable after one year or more Submit