In order for a lease to be classified as a direct financing lease, the lease must meet the following criteria: Select one: a. Ownership of the leased asset transfers to the lessee at the end of the lease term b. It is reasonably certain that the lessee will exercise a purchase option O c. The lease term is a major part of the estimated life of the leased asset. o d. The present value of the lease payments plus the residual guaranteed by a third party equals or exceeds substantially all of the fair value of the leased asset. e. The leased asset has no alternative use at the conclusion of the lease. f. All of the above, g. None of the above