Digital Solutions signed a

$33-$year

lease at the beginning of the current year. The leased equipment has an economic life of

$55$

years and a fair value of

$ $1$ comma $450$$$1,450.$

Under the terms of the$$ lease,

DialDial

is required to pay

$ $500$$$500$

on January $1$ of each year. There is no purchase$$ option, and

DialDial

must return the equipment at the end of the lease term.

DialDial

does not know the$$ lessor's implicit rate but recently borrowed at

$5\%5\%$

under a

$33-$year

loan agreement. Should

DialDial

account for this lease as an operating or a finance$$ lease?