please answer the question ASAP, thx

a) Firoza Bhd ple is in the process of expanding its business operations in other states in Malaysia. The Chief Finance Officer (CFO) and the board of directors are discussing the selection of the appropriate means to finance the expansion exercise. After some deliberation, the top management has finalised two options which as (1) issue bonds and with the proceeds purchase the needed assets, or (2) lease the assets based on the agreed lease term. Required: i. State 4 (FOUR) possible advantages of leasing the assets instead of owning them? ii. How will the statement of financial position be different if Firoza Bhd leases the assets rather than purchasing them? b) On 1 January 2022, Sphene Bhd leased machinery from Andesine Bhd. The lease term was for 8 years, with equal annual rental payments of RM7,950 at the beginning of each year. In addition, the lease provides an option to purchase the machinery at the end of the lease term for RM3,000. Sphene Bhd is reasonably certain it will purchase the machinery as the company believes the fair value of the machinery will be at least RM9,000. The machinery has a useful life of 10 years and a fair value of RM54,000. Sphene Bhd's incremental borrowing rate is 8%. Required: i. Identify the type of lease and justify your answer. ii. How long should Sphene Bhd depreciate lease machinery from Andesine Bhd? Justify your answer. iii. Prepare the necessary journal entries in Sphene Bhd's books in 2022