Which of the Following Statements Is not True Regarding the Eligibility

Which of the following statements is not true regarding the eligibility to claim a decline in value deduction for a depreciating asset?

A) Decline in value can only be claimed if the asset is used, either wholly or partly, for income producing purposes
B) In the case of a hire purchase agreement over an asset, the decline in value can only be claimed by the economic owner of the asset
C) In the case of a depreciating asset that is a partnership asset, the decline in value can only be claimed by the individual partners and not the partnership
D) In the case of a depreciating that is subject to a lease where the asset is fixed to land, the decline in value can only be claimed by the lessor