which of the following is used to determine whether the lessor maintains effective control of the leased asset? multiple choice is the lease term greater than 90% of the asset's estimated life? does the lease provide for an opportunity for the lessor to re-purchase the leased asset during the lease term at fair market value? does the sum of the payments equal or exceed substantially all of the fair value of the underlying asset? does the lease transfer ownership of the leased asset to the lessee by the end of the lease term?

Does the lease transfer ownership of the leased asset to the lessee by the end of the lease term is used to determine whether the lessor maintains effective control of the leased asset.

What does Asset means?

Any item of economic value owned by an individual or business is referred to as an asset. This includes tangible assets like real estate, equipment, and vehicles, as well as financial assets like stocks, bonds, and cash, and intangible assets like intellectual property. Assets serve as the foundation for wealth creation and are used to increase wealth.

What does aTangible asset means?

A tangible asset is a monetary-valued physical asset that can be used to produce goods or services. Buildings, machinery, vehicles, furniture, equipment, and stock are examples of tangible assets. Patents, copyrights, and trademarks are examples of intangible assets that are not physical in nature and do not have a physical form.

Therefore the option D. Does the lease transfer ownership of the leased asset to the lessee by the end of the lease term is the correct answer.

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