When choosing a depreciation method for a newly acquired item, managers:

A) Are free to choose any depreciation method they like because there are no legal requirements that might limit their choices

B) Must be careful when making their decision because the method of depreciation for an individual item cannot be changed after the first depreciation charge is recorded

C) Are required to follow positive accounting theory and select the depreciation method which best serves their own interests

D) Are required to choose the depreciation method that best reflects the pattern in which the assets future economic benefits are expected to be consumed by the entity

E) A and B

F) None of the above