answer question 25 and 6

Question 25 A finance lease in which the lessor provides the financial resources to acquire an asset and retains ownership while the control of the asset and the risks and benefits of ownership pass to the lessee, may be considered from the perspective of the lessor to be a(n): A. sales-type lease. B. operating lease. C. direct finance lease. D. executory lease. Question 6 Johnson Ltd enters into a lease agreement with Peterson Ltd under the following conditions: Duration of lease Life of leased asset Unguaranteed residual $8,000 Lease payment $6,500 at lease inception Annual lease payments (in arrears) $7,000 per year (10 payments) 10 years 12 years The lease may be cancelled only with the permission of the lessor. If the rate of interest implicit in the lease is 10%, what is the fair value of the asset at the inception of the lease, and is the lease a finance or operating lease under the former AASB 117? A. $56 745, finance lease B. $52 596, operating lease C. $56 745, operating lease D. $52 596, finance lease