1.How would the company account for the fair market value and one dollar purchase leases for the computers, over the course of the next three years? Classify the leases as operating or capital lease, and for each year, show journal entries or T-accounts.

2.Directionally, what are the effects on the balance sheet, income statement, and statement of cash flow?

3.The company is trying to decide between the fair-market value lease and the one dollar purchase lease. Which leasing alternative would you choose? Why?

4.Why do the competitors own their own computers?

i need help please, answer the question in paper(.doc) write as long as you can, thankyou verymuch