Question:A lease must be accounted for as a capital lease if it meets any one of four conditions. Which of the following is NOT one of those conditions? 

A The lease contains a bargain purchase price option. 
B The lease transfers ownership of property to the lessee. 
C The lease term is 90 percent or more of the estimated economic life of the leased property. 
D All of these are conditions that would cause the lease to be capitalized. 

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A 

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Md. Habib Ullah

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