Which of the following statements is CORRECT?

a. Corporations must use the same depreciation method for both stockholder reporting and tax purposes.

b. Since depreciation is a cash expense, the faster an asset is depreciated, the lower the projected NPV from investing in the asset.

c. Using bonus depreciation rather than straight line normally has the effect of receiving depreciation cash flows immediately and thus increasing a projects forecasted NPV.

d. Under current laws and regulations, corporations must use straight-line depreciation for all assets whose lives are 5 years or longer.

e. Using bonus depreciation rather than straight line normally has the effect of delaying the receipt of depreciation cash flows and thus reducing a projects forecasted NPV.