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Name the four criteria to define a capital lease

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What are the four criteria used for determining if a lease is to be treated as a capital lease? What are the income statement and balance sheet implications of both a capital lease and an operating lease.

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What are the four criteria used for determining if a lease is to be treated as a capital lease?

1. Transfers ownership of the property to the lessee by the end of the lease term.
2. Contains a ...

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The expert names the four criteria to define a capital lease.

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