Zimmern Machines sold equipment with a 10-year economic life to Bourdain Acres, while concurrently enteringinto an 8-year leaseback. Eight years is considered a major part of the economic life of the equipment. Thesale agreement contains no option for Zimmern to repurchase the equipment or any other provision that wouldprevent its sale. Can Zimmern Machines account for the transaction as a sale-leaseback? Why?

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