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Which of the following is not a condition under which the lessee must record the lease as finance lease? The lease term is equal to
Which of the following is not a condition under which the lessee must record the lease as finance lease?
| The lease term is equal to 60% of the economic life of the lease property. |
| The present value of the lease payments is 90% of the fair value of the property. |
| The lease contains a bargain purchase option. |
| The lease transfers ownership of the property to the lessee. |
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