On January 1, 2024, ACURA Inc. signs a 3-year rental contract for a delivery vehicle. The monthly rental fee is $3,000. The first payment is due on January 31, 2024. The fair value of the vehicle is $16,000 and its useful life is 6 years. The market rate is 10%. Which statement is true?

a. This is an operational lease. The rental charge of $6,000 will be presented in the income statement.

b. none of these answers

c. This is a capital lease. An asset of $16,000 will be presented in fixed assets.

d. This is an operational lease. An asset of $15,227 will be presented in fixed assets and a rental obligation of $10,638 will be presented in liabilities on the balance sheet as at December 31, 2024.

e. This is a leasing. An asset of $15,227 will be presented in fixed assets and a rental obligation of $10,638 will be presented in liabilities on the balance sheet as of December 31, 2024