Answer the question using US GAAP. Do not copy the answers previously posted. They are all wrong.

Please try to post answer asap

A third party guarantees the residual value of the leased asset. The lessee is given an option to purchase the asset and the lessee is reasonably certain to exercise this option. The lease term is for a major part of the economic life of the asset (i.e., substantially all of the asset's useful life). The asset is of specialized nature, which means it has no alternative use to the lessor at the end of the lease term