Lessor owned an asset. The historical cost is $90,000. The asset has a 10-year historical cost, with zero salvage value. The Lessor signed a 9-year lease contract with lessee. Which of the following statements is correct with regard to the Lessors annual depreciation expense if the lease is classified as an operating lease or classified as a financing lease?

A) $10,000 for both an operating and a financing lease

B) $9,000 for both an operating and financing lease

C) $10,000 for an operating lease and $0 for a financing lease

D) $9,000 for an operating lease and $0 for a financing lease

E) $0 for both an operating and financing lease

F) $10,000 for an operating lease and $9,000 for a financing lease

G) $9,000 for an operating lease and $10,000 for a financing lease