Which of the following indicators relating to lease capitalization is an example of IFRS criteria being more principles-based than GAAP with respect to lease accounting? O The lease agreement must contain a bargain purchase option. O The title must transfer to the lessee at the end of the lease term. O The present value of the payments must be at least 90% of the fair value of the asset. O The lease term must be a major part of the economic life of the asset.

Which of the following indicators relating to lease capitalization is an example of IFRS criteria being more principles-based than GAAP with respect to lease accounting? The lease agreement must contain a bargain purchase option. The title must transfer to the lessee at the end of the lease term. The present value of the payments must be at least 90% of the fair value of the asset. The lease term must be a major part of the economic life of the asset