From the lessors viewpoint, what type of lease is involved?

a. sale leaseback

b. sales type lease

c. direct financing lease

d. operating lease

on January 1, 2021, Yancey Inc. signed a 10 year non-cancelable lease agreement to lease a storage building from Holt warehouse company. Collectibility of lease payments is reasonably predictable and no important uncertainties surround the amount of cost yet to be incurred by the lesser. The following information pertains to this lease agreement. a. The agreement requires equal rental payments at the beginning each year. b. The fair value of the building on January 1, 2021 is $6 million however the book value to Holt is $4,950,000. c. The building has an estimated economic life of 10 years, with no residual value. Yancey depreciate similar buildings using the straight- ine method. d. at the termination of the lease the title to the building will be transferred to the Lessee. e. Yancey's incremental borrowing rate is 11% per year. Hold warehouse co-set the annual rental to ensure a 10% rate of return. The implicit rate of the lesser is known by Yancey Inc. f. The yearly rental payment includes $15,000 of executor costs related to taxes on the property