On December 31, 2019, Splish Brothers Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for Splish Brothers to make annual payments of $ 8,148 at the beginning of each year of the lease, starting December 31, 2019. The machine has an estimated useful life of 6 years and a $5,500 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Splish Brothers uses the straight-line method of depreciation for all of its plant assets. Splish Brothers's incremental borrowing rate is 10%, and the lessor's implicit rate is unknown. Click here to view factor tables. (a) What type of lease is this? This is a/an lease. Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score. 20% score reduction after attempt 1