Which of the following statements is correct about capital assets?

a) Human capital and research and development are both considered capital assets for financial accounting purposes, but not for managerial accounting purposes.

b) For managerial accounting purposes, "capital assets" are defined more broadly than for financial accounting purposes.

c) Capital assets are only those that can be depreciated, whether using managerial or financial accounting.

d) For managerial accounting purposes, "capital assets" are defined more narrowly than for financial accounting purposes.