Wayne Technical Corporation signed a lease for equipment, which requires lease payments of $50,000 per year for four years. The equipment has an estimated useful life of 7 years. This lease would be a finance lease if: O the lease agreement allows Wayne to purchase the equipment for $5 at the end of the lease term. O title to the equipment does not transfer to the lessee at the end of the lease term. O the present value of the lease payments equals $150,000 and the fair value of the equipment is $300,000. O the equipment is leased for 4 years.

PLEASE LET ME KNOW IF ITS A,B,C OR D!!

Wayne Technical Corporation signed a lease for equipment, which requires lease payments of \\( \\$ 50,000 \\) per year for four years. The equipment has an estimated useful life of 7 years. This lease would be a finance lease it: the lease agreement aliows Wayne to purchase the equipment for \\( \\$ 5 \\) at the end of the lease torm. tifle to the equipment does not transfer to the lessee at the end of the lease term. the present value of the lease payments equals \\( \\$ 150,000 \\) and the fair value of the equpment is \\( \\$ 300,000 \\) the equipment is leased for 4 years