Which of the Following Statements Is False

Which of the following statements is false?

A) Depreciation is a method used for accounting and tax purposes to allocate the original purchase cost of the asset over its life.
B) Sometimes the firm explicitly forecasts free cash flow over a shorter horizon than the full horizon of the project or investment.
C) Earnings include the cost of capital investments, but do not include non-cash charges, such as depreciation.
D) Firms often report a different depreciation expense for accounting and for tax purposes.