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Question 6 Under which of the following conditions does the equipment lease qualify for capital lease accounting? The lease contains a bargain purchase option. The

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6

Under which of the following conditions does the equipment lease qualify for capital lease accounting?

The lease contains a bargain purchase option.

The lease term is equal to or greater than

75 %

of the asset's economic life.

.

and

B

are correct answers.

The lease transfers ownership to the lessee at the end of the lease term.

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