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Which of the following is not a characteristic of a capital lease? Multiple Choice It transfers the ownership of the property by the end of
Which of the following is not a characteristic of a capital lease?
Multiple Choice
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It transfers the ownership of the property by the end of the lease terms.
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It has a lease term equal to at least 75% of the estimated life of the leased asset.
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It contains a bargain purchase price.
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It is usually short-term in nature and cancellable at the lessee's option.
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