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2. A company leases the following asset Fair value of $200,000. Useful life of 5 years with no salvage value. Lease term is 4 years.
2. A company leases the following asset Fair value of $200,000. Useful life of 5 years with no salvage value. Lease term is 4 years. . Annual lease payment is $30,000 and the lease rte is 17%. The company's overall borrowing rate is 9.5%. The firm can purchase the equipment at the end of the lease period for $45,000. What type of lease Is this? O Financing O Long term. Operating O Capital. MacBo esc 20 DoD FA Fl F2 F3 FS
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