Yancey, Inc. would record depreciation expense on this storage building in 2018 of (Rounded to the nearest dollar.) A) $0. B) $495,000. C) $600,000. D) $976,471. 24. If th e lease was nonrenewable, there was no bargain purchase option, itle to the building does not pass to ssee at termination of the lease and the lease term was only for eight years, what type of lease would this be for the lessee? A) Sales-type lease B) Direct-financing lease C) Operating lease D) Capital lease 25. Which of the following is a one of the criteria for recording a lease as a finance lease, under IFRS? A) B) C) D) The lease term is for the major part of the economic life of the asset. The lease must be cancelable. The lease doesn't contain a bargain-purchase option. The present value of the minimum lease payments amounts to 75% of the fair value of the leased asset. Yancey, Inc. would record depreciation expense on this storage building in 2018 of (Rounded to the nearest dollar.) A) $0. B) $495,000. C) $600,000. D) $976,471. 24. If th e lease was nonrenewable, there was no bargain purchase option, itle to the building does not pass to ssee at termination of the lease and the lease term was only for eight years, what type of lease would this be for the lessee? A) Sales-type lease B) Direct-financing lease C) Operating lease D) Capital lease 25. Which of the following is a one of the criteria for recording a lease as a finance lease, under IFRS? A) B) C) D) The lease term is for the major part of the economic life of the asset. The lease must be cancelable. The lease doesn't contain a bargain-purchase option. The present value of the minimum lease payments amounts to 75% of the fair value of the leased asset