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On January $1,$ year $1,$ Frost Co$.$ entered into a two$-$year lease agreement with Ananz Co$.$ to lease $10$ new computers. The lease term begins on January $1,$ year $1$ and ends on December $31,$ year $2.$ The lease agreement requires Frost to pay Ananz two annual lease payments of $$8,000.$ The present value of the minimum lease payments is $$13,000.$ Which of the following circumstances would require Frost to classify and account for the arrangement as a finance lease?

The fair value of the computers on January $1,$ year $1,$ is $$14,000.$

The economic life of the computers is three years.

Ownership of the computers remains with Ananz Co$.$ throughout the lease term and after the lease ends.

Frost Co$.$ does not have the option of purchasing the computers at the end of the lease term.

Attempts: $0$ of $3$ used $$