Pharoah Incentered into a five-vear lease of equipment from Zdrinka Inc. At the lease's inception, it is estimated that the equipmeri thas an economic life of eight years and fair value of $270,000. PV of minimum lease payments amounts to $232,855.02. The lease does not transfer title or contain a bargain purchase option. What is the nature of the lease assuming Pharoah follows IFRS 16 ? Pharoah should classify the lease as How should Pharoah classify this tease assuming it follows ASPE? Pharoah should classify the lease as