The portion of a non-current note that will be repaid within the next year is shown as a current liability on the balance sheet. Select one: True False Which of the following is not a condition for a capital lease? Select one: a. The lessee has the option to buy the asset at its fair value. b. The lease transfers ownership of the property to the lessee. c. The present value of the lease payments amounts to substantially all of the fair value of the leased property. d. The lease term is for the 75% or greater of the economic life of the leased property