The Application of the Matching Principle to Depreciation of Property

The application of the matching principle to depreciation of property, plant and equipment can best be described as:

A) The matching of the book value of an asset with its market value.
B) Offsetting the revenue of an accounting period with the estimated decline in value of property, plant and equipment during the accounting period.
C) Offsetting revenue of an accounting period with the portion of the cost of property, plant and equipment estimated to have been used up during the accounting period.
D) The matching of the depreciation expense reported in the income statement for an accounting period with the accumulated depreciation reported in the statement of financial position.