Given below are two statements:
Statement-$I$: Acetyl $CoA$ formation takes place by oxidative decarboxylation of pyruvic acid.
Statement-$II$: $\beta$-oxidation of fatty acid produces acetyl $CoA$.
In the light of above statements,choose the most appropriate answer from the options given below.

• A
  Statement $I$ is correct but Statement $II$ is incorrect.
• B
  Statement $I$ is incorrect but Statement $II$ is correct.
• C
  Both Statement $I$ and Statement $II$ are correct.
• D
  Both Statement $I$ and Statement $II$ are incorrect.