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For accounting purposes, which of the following conditions would automatically cause a lease to be a capital lease? Group of answer choices All of these
For accounting purposes, which of the following conditions would automatically cause a lease to be a capital lease?
Group of answer choices
All of these would lead to the lease being considered a capital lease.
The present value of the lease payments is more than 90% of the asset's market value at lease inception.
The lease term is more than 75% of the asset's economic life.
The lessee can purchase the asset below fair market value at the end of the lease.
The lease transfers ownership of the asset to the lessee by the end of the lease.
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