Question 2 Homework Unanswered The CRA (not accountants and/or lease practitioners) requires that a financial lease: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Terms stipulate that the lessee gains title to the leased asset at the end of the lease term. b Agreements provide for balloon lease payments within the first year of a multi-year lease. Payments exceed the normal depreciation expense on an asset during the early years of the asset's life. d Agreements have a legitimate business purpose other than tax avoidance. e Terms extend through the entire economic life of an asset and be based on fair market value. Unanswered