Identifying Lease Payments

For each of the following three separate finance lease scenarios, determine the lease payment that the lessee should use to determine the appropriate lease

classification.

a$.$ An annual lease payment for equipment was $$140,000$ and included a fee of $$14,000$ for maintenance of the equipment.

b$.$ An annual lease payment for equipment was $$154,000$ and included both a fee of $$11,200$ for maintenance and $$14,000$ for insurance on the equipment.

c$.$ An annual lease for a building was $$336,000$ and included $$28,000$ for property taxes and $$16,800$ for parking lot maintenance.