GAAP establishes specific criteria for the treatment of leases under ASC 842. Which of the following does not accurately describe the criteria applicable to a lessee? Multiple Choice The lease agreement includes a bargain purchase option that the lessee is likely to exercise. The lease term allows the lessee to derive substantially all the remaining benefits associated with the asset The present value of the minimum lease payments is equal to or greater than 75% of the leased asset's fair value. The lease agreement transfers title of the leased asset to the lessee at the end of the lease term