Financial leases: Select one: a. May be cancellable by either party at any time without penalty. b. Are always cancellable at any time with no penalty to the lessee. O c. Are for a term that is shorter than the useful life of the asset. O d. Are generally not cancellable without substantial penalty to the lessee. If a lessor paid $800,000 for an asset, how would the lessee treat this amount in his financial lease analysis? Select one: a. lessor would discount it by his cost of capital. b. lessor would amortize it over the lease life as an expense. c. lessor would ignore it, since it is a lessor cost. d. lessor would treat it as a cash inflow, since he avoids it by leasing