Which One of the Following Statements Is True

Multiple Choice

Which one of the following statements is true?

A) One objective of depreciating an asset is to provide funds for replacement.
B) GAAP requires the use of either straight-line or declining-balance depreciation.
C) Straight-line depreciation results in a decreasing rate of return on total assets.
D) Typically, the sum-of-the-years'-digits method will result in less depreciation expense in the year of acquisition than will the double-declining-balance method.