Identify which of the following statements is true.

A$.$ The Fisher Partnership is owned equally by four individual partners. Two of the partners have fiscal years ending March $31$ and two partners have fiscal years ending June $30.$ The

partnership has a natural business year. The partnership must adopt a calendar year for tax reporting purposes unless a Sec. $444$ election is made.

B$.$ A partner can elect the depreciation method to be applied to the partner's share of the partnership's depreciable assets.

C$.$ Partnerships make most of the tax elections for the partnership rather than the partners.

D$.$ All of the above are false.