Which of the following viewpoints regarding capitalization of leases does ASPE agree with Do not capitalize any leased assets Capitalize all long term leases Capitalize firm leases where the penalty for non performance is substantial Capitalize leases when risks and rewards of asset ownership are assured

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Which of the following viewpoints regarding capitalization of leases does ASPE agree with? Do not capitalize any leased assets. Capitalize all long-term leases. Capitalize firm

Which of the following viewpoints regarding capitalization of leases does ASPE agree with?

Do not capitalize any leased assets.
Capitalize all long-term leases.
Capitalize firm leases where the penalty for non-performance is substantial.
Capitalize leases when risks and rewards of asset ownership are assured.

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