arrent Attempt in Progress

Lease $\frac{?}{\text{b}\text{a}\text{r}}(1)$ does not contain a bargain purchase ontion, but the lease term is equal to $90$ percent of theestimated proncticife e ithe leased proper $y.$ Lease $2$ does not trinsfer ownershiv$-$ of the property to the lessee by the end of the iease term, but thg tive erint equal to $75$ percent of the estimated economic life of the leased property. How should the lessee classify the fienses?

Lease $1$

Lease $2$

Operating lease

Operating lease

Operating lease

Finance lease

Finance lease

Operating lease

Financelease

Finance irase

Atteraphio et $1$ uned

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