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Unformatted text preview: □ Contains a bargain purchase option. □ Lease term is equal to 75 percent or more of economic life of leased property. □ Present value of the minimum lease payments (at the beginning of the lease term) equals or exceeds 90 percent of the excess of the fair value of the leased property...
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This note was uploaded on 09/09/2011 for the course TAX 6845 taught by Professor Kelliher,c during the Fall '08 term at University of Central Florida.
- Fall '08