Question 15 The lessee wil account for the lease as a fance lease when the lease term is five years, the remaining useful life is six year, and the leased aset is twentytwo years old at the inception of the lease NA Question 16 The lessee will account for the lease as a finance tease when the present value of the lease payments plus salvage value guaranteed by the lessee is 595,000 and the fair value of the leased asset is $100.000 O No Question 17 The lesste wil capitalise the leased asset when the late will transfer title to the lesset by the end of the lease term. Now test wide Norter les provide Question 18 weil direct cont will affect the amount reported by the lessor an interest invenue when the lewe in a sales type leave and then be a veling proft, OW No Question 19 trital direct cont will affect the amount reported by the best as interest me when the lease is a direct franche trade and there haveling profit