Which of the following statements is/are true?

Select one:

A. Accelerated depreciation methods such as sum-of-years-digits lead to lower expenses/higher incomes earlier in an equipment's life and higher expenses/lower incomes later in the equipment's life.

B. If a company uses straight-line depreciation for its tax records, it must also use straight-line depreciation for its financial records presented to investors.

C. Differences between depreciation methods in financial records to investors and depreciation methods for tax purposes leads to deferred taxes.

D. All of the above are True.

E. All of the above are false.