Corinth Corinth company leased equipment to Athens Corporation for an eight-year period, at which time possession of the leased asset will revert back to Corinth. The equipment cost to rent 16 million dollars and has an expected useful life of 12 Years. It's normal sales price is 22.4 million dollars. The present value of the minimum lease payments for both the lessor and lessee is 20.4 million dollars. The first payment was made at the Inception of the lease. Collectability is remaining lease payments is reasonably assured, and Corinth has no material cost uncertainties. How should Athens classify this lease? Why?

In in the situation described how should Corinth classify this lease? Why?