The Statement Concerning Fixed Assets That Is Not True Is

The statement concerning fixed assets that is not true is:

A) knowledge of the approximate average age of fixed assets can be useful in assessing the efficiency of the assets.
B) knowledge of the approximate average age of fixed assets can be useful in deciding whether the asset register is up-to-date.
C) knowledge of the approximate average age of fixed assets can be useful in deciding whether the assets may need to be replaced in the near future.
D) knowledge of the approximate average age of fixed assets can be calculated by the formula accumulated depreciation divided by average recorded cost of fixed assets.