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Which of the following conditions must be met for a lease to qualify as a capital lease? A. the lease is usually short-term and cancelable
Which of the following conditions must be met for a lease to qualify as a capital lease?
A. the lease is usually short-term and cancelable at the option of the lessee
B. The lease contains a bargain purchase price at the end of the lease term
C. The lease must have a minimum value of $1 million and a term of at least 10 years
D. The lease expenses are booked as operating expenses in the period incurred
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