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  3. the lessee must record a lease as an asset if the

The lessee must record a lease as an asset if the lease (Multiple choice): a)...

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Accounting

The lessee must record a lease as an asset if the lease (Multiple choice):

a) transfers ownership of the property to the lessor.

b) contains a purchase option.

c) payments equal or exceed 90% of the fair value of the leased property.

d) term is 75% or more of the useful life of the leased property.

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