Characteristics would not be qualified by the IRS

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Reference no: EM131594620

A lease with which one of these characteristics would not be qualified by the IRS?

a) term of 25 years

b)  early balloon payments

c) lessee granted first option to meet a competing outside renewal offer

d) lessee option to purchase asset at fair market value at lease expiration

e) no lease provision limiting the lessee' right to issue additional debt

Reference no: EM131594620

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