a. Based on the available information, classify the following events into finance or operating lease and explain your reason. i. ii. A lease of a lorry for 7 years with a monthly payment of RM2,000. The cost of the lorry is RM100,000 with an expected useful life of 15 years. At the end of the lease term, the ownership will be transferred to the lessee. (2 marks) A lease of an equipment for 4 years with a monthly payment of RM1,000. The cost of the equipment is RM100,000 with an expected useful life of 10 years. (2 marks) A lease of a customed-made machinery for 6 years with a monthly payment of RM1,000. The cost of the machinery is RM100,000 with an expected useful life of 10 years. iii. (2 marks)