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Determine the lease payment that the lessee should use in determining the classification of the lease. Lease A: Monthly lease payment of $1,200 includes $100

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Determine the lease payment that the lessee should use in determining the classification of the lease. Lease A: Monthly lease payment of $1,200 includes $100 for maintenance and $50 for insurance on the leased asset Lease B: The annual lease payment of $40,000, includes property tax of $4,000 and $1,000 of maintenance, which the lessor provides on the leased asset O Lease A: $1,200 Lease B: $39,000 O None are correct O Lease A: $1,200 Lease B: $35,000 O Lease A: $1,100 Lease B: $39,000 O Lease A: $1,100 Lease B: $35,000

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