Question: What are the criterion for determining the difference between a capital versus an operating lease? Are they the same for the lessee and the lessor?

What are the criterion for determining the difference between a capital versus an operating lease? Are they the same for the lessee and the lessor? Is it possible for the lessee and the lessor to record the "same" lease at a different amount? Why or why not? How is the amount determined? What is a sale-leaseback? Why would a company use this type of lease?

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