The Quebeclease Company Offers La Presse a Lease on a Large

The Quebeclease Company offers La Presse a lease on a large printing press.The current value of the printing press is $50,000 and it is expected to have a market value of $30,000 in five years.The annual lease payments are $8,000 per year for five years.At the end of the lease,La Presse has the right to buy the printing press for $5,000.This is an example of:

A) I only
B) II only
C) I and II only
D) II and III only
I.asset-based financing
II.a lease that is likely to be considered a conditional sales agreement by the CRA
III.a sale and leaseback agreement