42、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. During inflationary periods, a company's reported net income is least likely to be overstated relative to economic income if the company depreciates fixed assets using: A. accelerated depreciation and long average lives. B. accelerated depreciation and short average lives. C. straight-line depreciation and long average lives. D. straight-line depreciation and short average lives.
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