Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) The constant chain of replacement model assumes that the incumbent machines and their replacements are absolutely identical.
B) The different lives 'problem' in the constant chain of replacement model arises only for independent projects.
C) Retirement decisions involve evaluating when to abandon a project.
D) The constant chain of replacement assumption may be used to evaluate projects of unequal lives.