Which of the following is the characteristic that distinguishes a capital lease from an operating lease?______.
A.
A capital lease is a long-term and noncancelable financing obligation that is a form. of debt.
B.
The capital lease transfers title of the leased asset to the lessee at the end of the lease term.
C.
The lease term of a capital lease is 75% or more of the estimated useful life of the leased asset.
D.
The present value of the lease payments is 90% or more of the market value of the leased asset.