Exercise $15-1($Static$)$ Lease classification $[$LO$15-1]$

Required: $$

Each of the four independent situations above describes a lease requiring annual lease payments of $$10,000.$ For each situation,

determine the appropriate lease classification by the lessee.

Note: Use tables, Excel, or a financlal calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$