Lease M does not contain a bargain purchase option ..?

 but the lease term is equal to90% of the estimated economic life of the leased property. Lease P does not transfer ownership of the property to the lessee by the end of the lease term, but the lease term is equal to75% of the estimated economic life of the leased property. How should the lessee classify these leases?

   Lease M           Lease P          

A. Capital lease    Operating lease  

B. Capital lease      Capital lease

C. Operating lease Capital lease

D. Operating lease Operating lease