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Which would suggest that lease classified as a finance lease

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Reference no: EM132998248

Problem 1: Which of the following would suggest that a lease should be classified as a finance lease?

A The present value of the lease liability is 50% or more of the fair value of the asset.

B The lease term is 25% or more of the assets useful life.

C The asset is likely to be returned to the owner at the end of the lease term.

D None of the above

Reference no: EM132998248

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