Which of the following situations would normally lead to a lease being classified as a finance lease?
A.
The lessee has the option to purchase the asset at a price which makes it reasonably certain that this option will be exercised
B.
At the inception of the lease, the present value of the minimum lease payments does not amount to substantially all of the fair value of the asset
C.
The lease does not transfer ownership of the leased asset to the lessee by the end of the lease term
D.
The lease term is not for the major part of the asset's economic life