There are two basic kinds of leases: financing and operating. Of these leases listed below which one would a lessee consider an operating lease? Multiple Choice The fair value of the leased asset is $20 million, and the present value of the lease payments is $13 million. Ownership of the leased asset reverts to the lessor at the end of the lease term. The ogreement permits the lessee to buy the leased asset for one dollar of the end of the lease term: The lease term is 5 years, and the economic Me of the leased asset is 8 years