Which of the Following Statement Regarding Depreciation Is False

Multiple Choice

Which of the following statement regarding depreciation is false?

A) The concept of depreciation is inconsistent with the going concern assumption.
B) Recognizing depreciation on an asset does not result in an accumulation of cash for replacement of the asset.
C) The three factors affecting the computation of depreciation include cost, useful life, and residual value.
D) Accumulated depreciation is reported on the statement of financial position as a deduction from plant assets.