11. Which statement is false? A. Depreciation creates a fund to replace the asset at the end of its useful life B. The cost of a plant asset minus accumulated depreciation equals the asset's book value C. Depreciation is a process of allocating the cost of a plant asset over its useful life. D. Depreciation is based on the expense recognition principle because it apportions the cost of the asset against the revenue generated over the asset's useful life.