Albert Corp., a private corporation that adheres to ASPE, is a manufacturer of truck trailers. On January 1, 2023, Albert leases ten trailers to Einstein Inc. under a six-year non-cancellable lease agreement. The following information about the lease and the trailers is provided: 1. Equal annual payments (due on December 31 each year) will be payable, to provide Albert with an 8% return on their investment. 2. Title to the trailers will pass to Einstein at the end of the lease. 3. At January 1, 2023, the fair value of each trailer is $50,000. The cost of each trailer to Albert Corp. is $45,000. Each trailer has an expected useful life of nine years. 4. Collectability of the lease payments is reasonably assured, and any non-reimbursable costs under the lease that are likely to be incurred by Albert can be reasonably estimated.