Consider the following statements:
Assertion (A): In double account system, the final accounts of a company fails to disclose the true condition of its assets.
Reason (R): Because the assets of the company are shown at their cost price even when they are completely worn out.
Now, select your answer:

A. Both A and R are correct and R is the correct explanation of A

B. Both A and R are correct but R is not the correct explanation of A

C. A is true but R is false

D. A is false but R is true

Answer: Option A