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Which one of the following would cause a lease to be accounted for as a capital lease? The lease payments are greater than $10,000 per
Which one of the following would cause a lease to be accounted for as a capital lease?
The lease payments are greater than $10,000 per month.
The leased property is located on premises owned by the lessee.
The lease term is more than 75% of economic life of the property.
The value of the leased property is greater than 10% of the net assets of the lessee.
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