ing my discussion questions. The chapter that we are covering is titled Accounting for Leases. The answer doesnt have to be very long, all that is needed is just a couple of paragraphs per question, no more than of a page long per question. Thank you. There are two questions. Question #1 The Advantages of Lease Transactions A new client asks your advice with respect to buying or leasing assets for their new company. They tell you that theyve heard that leasing is advantageous. How would you respond? Are there scenarios in which leasing is not advantageous? Question #2 Operating vs. Capital Leases What are the criteria for lease classification? Do you think a company would prefer to record leases as an operating or capital lease? Why? What types of assets are typically available for lease