Current Attempt in Progress

Which of the following is a correct statement regarding one of the ASPE capitalization criteria?

The fair value of the minimum lease payments is equal to $90\%$ or more of the present value of the leased asset.

The lease must contain a bargain purchase option.

The lease term is $75\%$ or more of the leased property's estimated economic life.

$$ The lease transfers ownership of the property to the lessor.