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Which of the following is NOT a condition that would require the recording of a lease contract as a capital lease for a company reporting

Which of the following is NOT a condition that would require the recording of a lease contract as a capital lease for a company reporting under ASPE?

The lease transfers ownership of the property to the lessee.

The lease term is less than 75% of the economic life of the leased property.

The lease term equals the asset's useful life.

The present value of the lease payments equals or exceeds 90% of the fair market value of the leased property.

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