Q. Which of the following statements is correct?

• (A) over a project’s life, a typical business will generate a greater amount of total project cash flows (undiscounted) if a faster depreciation method is adopted.
• (B) no matter which depreciation method you adopt, total tax obligations over a project’s life remain unchanged.
• (C) depreciation recapture equals cost basis minus an asset’s book value at the time of disposal, that is, if the salvage value is less than the asset’s cost basis.
• (D) cash flows normally include depreciation expenses since they represent a cost of doing business.