TB MC Qu$.15-34($Static$)$ Technoid Incorporated sells computer...

Technoid Incorporated sells computer systems. Technoid leases computers to Lone Star Company on January $1,2024.$ The manufacturing cost of the computers was $$12$ million.

This noncancelable lease had the following terms:

Lease payments: $$2,466,754$ semiannually; first payment on January $1,2024$; remaining payments on June $30$ and December $31$ each year through June $30,2028.$

Lease term: five years $(10$ semiannual payments$).$

No residual value; no purchase option.

Economic life of equipment: five years.

Implicit interest rate and lessee's incremental borrowing rate: $5\%$ semiannually.

Fair value of the computers on January $1,2024$: $$20$ million.

Lone Star Company would account for this as a$($n$)$: