A large, public telecommunications company has the following leases: 

Lease A 

Lease of office space for 5 years, with a 5-year renewal period. Rental payments are $5,000/month, due at the beginning of each month. 

Lease B 

Leases of IT equipment for individual employees. Equipment includes: laptop computers, desktop printers, and mobile phones. All leases are 1 to 3 years in length. The monthly cost varies by device, with a maximum cost of $1,000 per year. The fair value of any individual piece of equipment, new, ranges from $900 to $3,100.
Lease C 

Lease of trucks used by technicians that go to residential customer homes. The company leases 10 trucks at various rates. The lease period for each truck is 3 years.
Lease D 

Lease of servers and mainframe at a total cost of $4,800 per year. The lease has a 2-year term, with an optional 2-year extension that the company plans to use given the significant costs to install the servers.
Lease E 

Lease of 5 additional storage modules that are used by the servers identified in Lease D.
The cost of the storage, new, is $2,500. The lease term is the same as the Lease D.
Lease F 

Lease of office equipment, including: office furniture (chairs, desks, etc.). The amounts of each equipment varies, but all payments are less than $200 per month. The leases are all 2 years in length. The fair value of the individual furniture, new, ranges from $400 to $5,000.

Required:
Discuss whether each lease would qualify for the short-term or the low value exemption.