Alessee enters into a lease of a five-year-old machine. The non-cancellable lease term is 15 years me lessee has the option to extend the lense after the initial 16-year period for optional perlods of 12 months each at market rents. To determine the lease term, the lessee considers the following factors: The machine is to be used in manufacturing parts for a type of plane that the lessee expects will remain popular with customers until development and testing of an improved model are completed in approximately 15 years. The cost to install the machine in lessee's manufacturing facility is significant The non-cancellable term of lessee's manufacturing facility lease ends in 19 years, and the lessee has an option to renew that lease for another twelve years. Lessee does not expect to be able to use the machine in its manufacturing process for other types of planes without significant modifications, The total remaining life of the machine is 30 years, What should be the lease term for lease accounting under Ind AS 116