Question 1: Identify whether each of the following ljarah contract contracts is an operating or a financing 100,000 and a useful life of 20 years, is leased for 1) An asset, with fair value of KD (15 years with present value of lease payment of KD 80 not state a transfer of ownership at the end of the ,000. The contract does lease period 2) An asset, with fair value of KD 300,000 and a useful life of 15 years, is leased for 12 years with present value of lease payment of KD 240,000. The contract does not state a transfer of ownership at the end of the lease period. 3) An asset, with fair value of KD 200,000 and a useful life of 20 years, is leased for 12 years with present value of lease payment of KD 120,000. The contract does not state a transfer of ownership at the end of the lease period