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Which of the following is a criterion for a lease to be classified as a capital lease in the books of a lessee? A. The

Which of the following is a criterion for a lease to be classified as a capital lease in the books of a lessee?

A. The lease contains a bargain purchase option.

B. The lease does not transfer ownership of the property to the lessee.

C. The present value of the minimum lease payments is 70% or more of the fair market value of the leased property.

D. The lease term is equal to 65% or more of the estimated useful life of the leased property.

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Which of the following is a criterion for a lease to be classified as a capital lease in the books of a lessee?

A.	The lease contains a bargain purchase option.
B.	The lease does not transfer ownership of the property to the lessee.
C.	The present value of the minimum lease payments is 70% or more of the fair market value of the leased property.
D.	The lease term is equal to 65% or more of the estimated useful life of the leased property.