The five criteria of lease classification in US GAAP do not include: A) The agreement specifies that ownership transfers at the end of the lease term. B) The present value of the lease payments...

Extracted text: The five criteria of lease classification in US GAAP do not include: A) The agreement specifies that ownership transfers at the end of the lease term. B) The present value of the lease payments exceeds half of the fair value of the asset C) The agreement grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise. D) The lease term is for the major part of the remaining economic life of the underlying asset. O A O B O D