Which of the following is one of the criteria for classifying a lease as a finance lease under the new lease accounting standard?

Group of answer choices

A. The lessor intends to lease the asset to another lessee when the current lease term ends.

B. The agreement specifies that ownership of the asset remains with the lessor during and after the lease term.

C. The present value of the lease payments equals or exceeds substantially all of the fair value of the leased asset.

D. The lease term is 50%-75% of the leased asset’s useful life.