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Which of the following is not a condition which would require the recording of a lease contract as a capital lease? A) The lease transfers
Which of the following is not a condition which would require the recording of a lease contract as a capital lease? A) The lease transfers ownership of the property to the lessee. B) The lease contains a bargain purchase option. C) The lease term is less than 75% of the economic life of the leased property. D) The present value of the lease payments equals or exceeds 90% of the fair market value of the leased property
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