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What the lease is a capital lease

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Reference no: EM132496989

Question 1: Under ASC 840, if a corporation signs a ten-year lease for a building and the present value of the lease payments is 250,000, the lease is a capital lease if the ?

A-fair value of the building is $1,000,000

b- building reverts back to the lessor at the end of the lease

c- lessor can purchase the building for 5,000 at the end of the lease when the fair value is estimated to 25,000$

d- remaining useful life of the building is 25 yea

 

Reference no: EM132496989

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