Which of the following criteria is not part of the definition of a capital lease

| June 7, 2016

Question
Which of the following criteria is not part of the definition of a capital lease ?

A. You get to keep the asset at the end of the term

B. The lease term is greater or equal to 75 % of the asset’s useful life;

C. The present value of the lease payments are greater or equal to 90 % of the purchase price;

D. You get to buy the asset for a bargain at the end of the lease;

E. All of these are criteria for a capital lease

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