The excerpt refers to the accounting policies adopted by a company. Which of the following statements is true according to the text? I - The compa...

The excerpt refers to the accounting policies adopted by a company. Which of the following statements is true according to the text?

I - The company recognizes unrealized gains and losses resulting from transactions with its subsidiaries and jointly controlled entities for equity accounting purposes.
II - The company recognizes impairment losses when there is objective evidence that the investment in its subsidiaries and jointly controlled entities has suffered a decline in value.
III - The company depreciates its assets using the straight-line method based on the estimated useful life of each asset.
IV - The company recognizes maintenance expenses as an increase in the carrying amount of the related asset.
a) Only statements I and II are true.
b) Only statements II and III are true.
c) Only statements III and IV are true.
d) Statements I, II, and III are true.
e) Statements II, III, and IV are true.