Click Submit to complete this assessment. Question 8 3% For the situation below describes a finance lease in which annual lease payments are payable at the Lease term (years) 5 Lessor's rate of return (known by lessee) Fair value of lease asset $120,000 The amount of the annual lease payments as calculated by the lessor is: O 1. $25349 $29731 O2. 3. $18501 4. $47012 mont L A Moving to another question will save this resp Question 6 The two basic lease classifications by a lessee are: O 1. Investing and Financing 2. Sales type and Direct financing 3. Operating and Financing Current and Non-current 4