Which of the Following Statements Is False

Which of the following statements is false?

A) Sales will ultimately decline as the product nears obsolescence or faces increased competition.
B) Managers sometimes continue to invest in a project that has a negative NPV because they have already invested a large amount in the project and feel that by not continuing it, the prior investment will wasted.
C) With straight-line depreciation the asset's cost is divided equally over its life.
D) A projects unlevered net income is equal to its incremental revenues less costs and depreciation, evaluated on an pre-tax basis.