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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

  • It transfers the ownership of the property by the end of the lease terms.

  • It has a lease term equal to at least 75% of the estimated life of the leased asset.

  • It contains a bargain purchase price.

  • It is usually short-term in nature and cancellable at the lessee's option.

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