The formal distinction between some current and noncurrent assets is somewhat arbitrary. Which of the following statements best illustrates this point?

A : Inventory that may be sold next year, or in the subsequent year as demand dictates may be classified as current or noncurrent.

B : An amount equal to the current depreciation charge on buildings should be placed in the current assets section at the beginning of the year, because it will be consumed in the next operating cycle. Accounts receivable due in less than one year or the operating cycle are classified as current assets, while accounts receivable due in longer than one year or the operating cycle are classified as noncurrent.

C : Accounts receivable due in less than one year or the operating cycle are classified as current assets, while accounts receivable due in longer than one year or the operating cycle are classified as noncurrent.

D : An amount equal to the current depreciation charge on buildings should be placed in the current assets section at the beginning of the year, because it will be consumed in the next operating cycle.