What is a Bargain Purchase Option (BPO) for a lease? The right to buy the asset at the end of the lease period. The right to buy the asset at the end of the lease period for less than the estimated market value at the beginning of the lease. The right to buy the asset at the end of the lease period for less than the estimated market value at the ending of the lease. The right to buy the asset at the end of the lease period at the estimated market value at the end of the lease before the lessor offers the asset to any other potential customers. QUESTION 2 In order to ensure that they successfully earn the full market value of a leased asset, how should the LESSOR calculate the amount of the lease payment? They should use the market value less the estimated residual value as the PV of the lease payments. They should use the historical value less the present value of the bargain purchase option as the PV of the lease payments. They should use the market value less the present value of the estimated residual value as the PV of the lease payments. They should use the market value of the lease as the PV of the lease payments