At a price significantly lower than the asset"s fair value when the option is exercisable The difference between the option price, and the fair value...

At a price significantly lower than the asset"s fair value when the option is exercisable The difference between the option price, and the fair value (when the option is exercisable) as determined at the inception of the lease must render the option reasonably assured. The term of the lease will include any fixed, noncancelable terms. Bargain renewal periods are also included. What is the 90% test? What are minimum lease payments? What discount rate?