Which of the following is a true statement regarding the depreciation of leasehold improvements? A) A lessee may claim depreciation on an improvement only if the lease term is longer than the MACRS recovery period. B) Leasehold improvements are depreciated over the term of the lease (including renewals). C) Only the lessor can claim depreciation on leasehold improvements. D) When a lessee makes an improvement but doesn't retain the improvement at the end of the lease, the lessee may recognize gain or loss.