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The lessee must record a lease as an asset if the lease (Multiple choice): a) transfers ownership of the property to the lessor. b) contains
The lessee must record a lease as an asset if the lease (Multiple choice):
a) transfers ownership of the property to the lessor.
b) contains a purchase option.
c) payments equal or exceed 90% of the fair value of the leased property.
d) term is 75% or more of the useful life of the leased property.
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