. Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was $12 million This noncancelable lease had the following terms: oints Lease payments: $2,466.754 semiannually first payment at January 1, 2018: remaining payments at June 30 and December 31 each year through June 30, 2022. No residual value; no purchase option. * Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually. 00S933Lease term: five years (10 semiannual payments) Economic life of equipment: five years. Fair value of the computers at January 1,2018: $20 million Technoid would account for this as: Multiple Choice A finance lease An operating lease sales type lease wihout selling proft Technoid would account for this as: Multiple Choice A finance lease An operating lease. A sales type lease without selling profe A sales-type lease with selling profi 1 of 50 Next > acBoo 20 3 4 5 6 7 9