On January 1, Year 5, Company A leased a customized forklift to Company B (lessee) for a lease term of 10 years. The lease includes an option for the lessee to purchase the leased asset at the end of the lease term. The expected residual value of the forklift at the end of Year 10 is minimal and is not guaranteed. The present value (PV) of the sum of the lease payments is $70,000. Company A has classified the lease as a sales-type lease. Which of the following is not a criterion for the lessor to classify the lease as a sales-type lease? The forklift's remaining economic life is 11 years on the lease commencement date. The fair value of the forklift at the time of lease commencement is $75,000. The lessee is not expected to exercise the option to purchase the leased asset. The forklift is expected to have no alternative use to Company A at the end of the lease term