Which of the following is not among the criteria for classifying a lease as a capital lease?

A) The present value of the minimum lease payments is greater than or equal to 75% of the fair value of the asset.
B) The noncancellable lease term is greater than or equal to 75% of the estimated economic life of the asset.
C) The lease specifies that ownership of the asset transfers to the lessee.
D) The lease contains a bargain purchase option.

Answer: A