Which of the following statements is$$ FALSE?

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Part $1$

A$.$

Firms often report different depreciation expenses for accounting and for tax purposes.

B$.$

Sometimes the firm explicitly forecasts free cash flow over a shorter horizon than the full horizon of the project or investment.

C$.$

Earnings include the cost of capital$$ investments, but do not include nonminuscash $$charges$,$ such as depreciation.

D$.$

Depreciation is a method used for accounting and tax purposes to allocate the original purchase cost of the asset over its life.