Question 4 of 21 > Which of the following statements is CORRECT? O a. Iffirms use bonus depreciation they can write off assets faster than they could under straight line depreciation, and as a result projects forecasted NPVs would normally be higher than they would be if straight-line depreciation were required for tax purposes. O b. Under current laws and regulations, corporations must use straight-line depreciation for all assets whose lives are 3 years or longer. O cIffirms use bonus depreciation, they can write off assets faster than they could under straight-line depreciation, and as a result projects forecasted NPVs would normally be lower than they would be if straight-line depreciation were required for tax purposes. O d. Since depreciation is not a cash expense, and since cash flows and not accounting income are the relevant input, depreciation plays no role in capital budgeting O .Iffirms use bonus depreciation, they will write off assets slower than they would under straight line depreciation, and as a result projects forecasted NPVs would normally be lower than they would be if straight line depreciation were required for tax purposes