Assume you have just set up a short-term rental agreement for a piece of farm machinery. The rental will be charged on a time basis and you have agreed to pay the direct costs associated with the use of the machine. The owner of the asset will perform the maintenance functions that the machine requires. What kind of lease agreement have you established? Leveraged lease Credit purchase 0 o Operating lease Custom hire agreement Capital lease O Assume you have just set up a short-term rental agreement for a piece of farm machinery. The rental will be charged on a time basis and you have agreed to pay the direct costs associated with the use of the machine. The owner of the asset will perform the maintenance functions that the machine requires. What kind of lease agreement have you established? Leveraged lease Credit purchase 0 o Operating lease Custom hire agreement Capital lease O