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Capital Lease

If one or more of the following criteria is met, it is a capital lease.

  • The lease is classified as a purchase by the lessee.
  • The lease term exceeds 75% of the property's estimated economic life.
  • The lease contains an option to purchase the property for less than the fair market value.
  • Ownership of the property is transferred to the lessee at the end of the lease term.
  • The present value of the lease payments is greater than 90% of the fair market value of the property.