TB MC Qu. 15-100 (Algo) Crystal Corporation makes...

Crystal Corporation makes $2,600 payments every month for leasing office equipment. Crystal recorded a lease payment as follows:

Lease payable	1,560
Interest expense	1,040
Cash		2,600

Amortization expense	1,560
Right-of-use asset		1,560

Crystal must have a(n):

Multiple Choice

• Sales-type lease without selling profit.

• Finance lease.

• Leveraged lease.

• Operating lease.