One of the five criteria for a finance lease specifies that the present value of the lease payments be equal to or greater than: Multiple Choice the major part of the cost of the asset. substantially all of the fair value of the asset. substantially all of the cost of the asset.
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Home » Business » One of the five criteria for a finance lease specifies that the present value of the lease payments be equal to or greater than: Multiple Choice the major part of the cost of the asset. substantially all of the fair value of the asset.