For each of the items below, indicate whether the lease is an operating lease or a capital lease.
Reminder: The lessor is the party who owns the item; the lessee is the party using the item.
Item 1	The lessee reports the leased asset on its balance sheet.
Item 2	Payments are reported fully as rent expense.
Item 3	Ownership of the property passes to the lessee by the end of the lease term.
Item 4	The lease term is at least 75% of the remaining life of the property.
Item 5	Interest expense is measured and reported by the lessee.
Item 6	Depreciation of the leased asset is not reported by the lessee.
Item 7	At the inception of the lease, the lessee records both an asset and a liability.
Item 8	The lessee reports a liability for the present value of all future payments anticipated under the lease agreement.
Item 9	The lessor continues to report the tangible asset covered by the lease on its balance sheet.

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