Leasehold improvements are: Select one: a. Expensed immediately b. Capitalized and expensed over the asset life c. Capitalized and expensed over the asset life, or the lease term, whichever is shorter d. Capitalized and expensed over the asset life, or the lease term, whichever is longer For lessees engaged in an operating lease that pay their rental amount when due, why might they have a Prepaid Rent account on their books related to this transaction? Select one: a. The lessee was given two months of free rent at the beginning of the lease. b. The lessee paid closing costs at the inception of the lease on top of the required lease payment. c. The lessee made leasehold improvements that were not reimbursed by the lessor. d. The lease stipulates increased rental rates in later years