Erosion, in a Financial Sense, Is Defined As

Erosion, in a financial sense, is defined as:

A) The expense created on an annual basis from reducing the book value of fixed assets.
B) The deterioration of the book value of new assets obtained when a new project is implemented.
C) The diminishing cash flows created by a new project over time.
D) The negative impact on the current cash flows from an existing product when a new product is introduced.
E) The effect of taxation on the additional cash flows created when a new project or activity is implemented.