Problem: For each scenarios/facts, please place a Y for either yes (True) or no (False). You may comment further/explain in space provided. Please identify the letter and explain in the space provided. Yes No on criteria. h) In a sales-type lease for the lessor, the present value of an unguaranteed residual value should be subtracted from Sales but not from Cost of Goods Sold. i) If a lessor has the option to extend the lease, the lease term should be modified to include the years covered by the option. j) A Lessee has an option to buy an ROU asset in 3 years of a 5-year lease for 40% of its then fair value. The ROU asset has a useful life of 6 years. The lease classification criteria should include the present value of the option for 3 discount periods. k) A Lessee has an option to buy an ROU asset in 3 years of a 5-year lease for 40% of its fair value. The ROU has a useful life of 6 years. The amortization of the ROU assets