Question Completion Status: Tarkan Inc. leases an asset with the following information Fair value of the asset: $400,000 Useful life of the asset 6 years with no economic salvage value. Lease term is 3 years Annual lease payments (starting from beginning of year) are $60,000 Implicit interest rate: 696 Tarkan can purchase the asset at the end of the lease period for $100,000 What type of lease is this? O a. Operating b. Finance O c. Short term d. Long term O e Sale-Leaseback 70F A O To 60 10/2 search