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16 July, 19:10

One of the five criteria for a finance lease specifies that the present value of the lease payments be equal to or greater than:

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  1. 16 July, 19:43
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    Answer: the fair value of the asset should be greater than or equal to 90%

    The fair value of a leasee's asset is an important criterion in the decision making of whether to approve a finance lease. Leasee's term of payment should also be greater than 75% of the economic life of the property being leased.
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