Which of the following is not one of the criteria for classifying a lease as a finance lease under the new lease accounting standard?

The agreement specifies that ownership of the asset transfers to the lessee.

The agreement contains an option to purchase the underlying asset that the lessee is reasonably certain to exercise.

The lease term is at least half of the economic life of the leased asset.

The leased asset is specialized, and has no alternative use to the lessor at the end of the lease.