Which of the following is a correct statement of one of the, Ask an Expert

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Which of the following is a correct statement of one of the capitalization criteria?

A. The minimum lease payments, excluding executory costs, equal or exceed 90% of the fair value of the leased property.

B. The lease transfers ownership of the property to the lessor.

C. The lease term is equal to or more than 75% of the estimated economic life of the leased property.

D. The lease contains a purchase option.

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Accounting Basics, Accounting

Category:- Accounting Basics
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