2. On 01/01/2020, Alpha Ltd. leases a machine to Beta Plc. The lease is for 3 years and lease payments of 1,000 a month are required. The machine has a useful economic life of 8 years and has a fair value of 50,000. Required: 1) Explain whether this is an operating or finance lease. 2) Explain how the machine and the lease payments should be dealt with in the financial statements of Alpha Ltd., assuming a year-end on 30th June each year