-5. Distinguishing between an installment purchase and a finance lease s and a finance lease is due in large part to the accounting concept of A) Historical cost B) Materiality C) Substance over form D) Form over substance as a finance 6. Pfizer leased equipment from Acme Associates and recorded the lease lease. What account should Pfizer debit to record the lease? A) B) C) D) Equipment Rent expense Right of use asset Lease payable 7. Pepsi signed a 5-year lease agreement for an asset having a fair value of $500,000. Pepsi must recognize the lease as a finance lease if lease payments$450,000 A) PV of the B) $375,000 s PV of the lease paymentsS450,000. C) $250,000> PV of the lease payments s $375,000 D) $250,000