A Non-Cancellable Lease Is a Lease That Is Cancellable Only

A non-cancellable lease is a lease that is cancellable only:

A) upon the occurrence of some probable contingency.
B) with the permission of the lessee.
C) if the lessee enters into a new lease for the same or equivalent asset with the same lessor.
D) upon payment by the lessor of such an additional amount that, at inception of the lease, continuation of the lease is certain.

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