All of the Following Statements Are True Except

All of the following statements are true except:

A) IFRS requires that estimates of residual value and the life of the asset be reviewed at least annually and revised if necessary.
B) The FASB standards do not have a specific rule that requires residual value and asset life to be reviewed annually.
C) IFRS does not have a specific rule that requires residual value and asset life to be reviewed annually.
D) The FASB generally requires operating assets to be recorded at acquisition cost, less depreciation, and the assets' values are not changed to reflect their fair market values or selling prices.