ACC2363_QUIZ 2_Q #30

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School

Algonquin College *

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Course

2363

Subject

History

Date

Nov 24, 2024

Type

pdf

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Uploaded by ok1807

11/29/23, 10:00 AM Question 30 of 100 - Quiz Two https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=6725a273-fdf5-482a-a475-ba3a80cb0a9f#/question/29 1/1 View Policies Show Attempt History Your Answer Correct Answer  Your answer is correct. Which of the following is NOT a criterion to determine a capital lease under ASPE? The implicit interest rate in the lease is greater than the incremental borrowing rate. The lease term is 75% or more of the leased property’s economic life. The present value of the minimum lease payments is equal to 90% or more of the fair value of the leased asset. There is a bargain purchase option included in the lease. eTextbook and Media Attempts: 3 of 3 used

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ACC2363_QUIZ 2_Q #30

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