A lease agreement will qualify as a finance lease if one of these conditions occur: 

*
1 point

The lessee returns the leased property to the lessor at the end of the lease term.
The lease does not have a bargain purchase option.
The lease term is for major of the economic life of the asset.
The present value of the minimum lease payment amounts to substantially less than the fair value
of the leased asset.

The appropriate valuation of an operating lease on the statement of financial position

of a lessee is *
1 point

Zero
The absolute sum of the lease payments
The present value of the sum of the lease payments discounted at an appropriate rate
The market value of the asset at the date of the inception of the lease