Under ASC 842, what are the five criteria that would classify a lessee's lease as a finance lease?
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A
Transfer of ownership, purchase option likely to exercise, lease term covers major part of useful life, PV of payments equals substantially all fair value, or specialized asset with no alternative use
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B
Payments are fixed, equipment is tangible, lease is 12+ months, lessee is a public company, and there is a guaranty
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C
Written agreement exists, equipment is capitalized, rate is disclosed, payments are monthly, and there is a residual
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D
Fair market value option exists, equipment is moveable, term is under 5 years, lessee has good credit, and UCC is filed