What is a lease and how is it used as a financing vehicle? How are leases accounted for within the firms financial reports? What is the difference between a capital lease and an operating lease? What is residual value? What are executory costs? What considerations are relevant in a lease or sell decision? Provide a discussion of all potential scenarios and the relevant accounting requirements. Paper must identify the main issue in the chosen area and accurately respond to each of the questions from the chosen area. Build upon class activities by referencing new learning that has occurred. Present specific current and or future applications and relevance to the typical workplace. 4 pages double-spaced Formatted to APA style