The following statements have been made about life cycle costing:
(i)It focuses on the short-term by identifying costs at the beginning of a product’s life cycle
(ii)It identifies all costs which arise in relation to the product each year and then calculates the product’s profitability on an annual basis
(iii)It accumulates a product’s costs over its whole life time and works out the overall profitability of a product
(iv)It allocates costs to each stage of a product’s life cycle and writes them off at the end of each stage
Which of the above statements is/are correct
A．(i) and (iii) B．(iii) only C．(i) and (iv) D．(ii) only