Which One of the Following Statements Is True

Multiple Choice

Which one of the following statements is true?

A) Financial statement readers cannot determine whether the depreciation method used by a company is appropriate.
B) Financial statement readers can determine the useful lives of assets depreciated during the reported period.
C) Financial statement readers cannot determine the depreciation expense for the reported period.
D) Financial statement readers can accurately estimate the effect an alternative depreciation method would have on income.