While performing audit fieldwork on a client, the auditor reviews the client's depreciation policies and schedules on a select group of fixed assets. After careful review of the estimated lives on these fixed assets, the auditor determines that the basis used to determine the length of the estimated useful lives for certain fixed assets is unreasonable and not supported by any internal or industry factors. Based on the above, the auditor would most likely consider this a:

A$.$ Projected misstatement.

B$.$ Fraudulent misstatement.

C$.$ Judgmental misstatement.

D$.$ Factual misstatement.