Minnetоnkа Cоmpаny leаses an asset. Infоrmation regarding the lease: Fair value of the asset: $400,000. Useful life of the asset: 6 years with no salvage value. Lease term is 5 years. Annual lease payments are $60,000 Implicit interest rate: 11%. Minnetonka can purchase the asset at the end of the lease period for $50,000. What type of lease is this? revision: 12_19_2025_QC_HETS-108358