From the lessor's standpoint, which of the following statements regarding leasing is false?

The lease provides a method of indirectly making a sale.

If the residual value of the asset is not guaranteed, the lessor has transferred the risks of residual value decreases to the lessee.

For sales$-$type lease agreements, the lessor earns interest in addition to profit from the transfer of the asset.

The accounting procedures used by a lessor for a sales$-$type lease are similar to the accounting procedures used for a normal sale of merchandise under a perpetual inventory system.