Of course, you're right . . .
The distance between the "cut line" and the "shadow line" is equal to the length of the base, where θ represents the angle of the knife's bevel and altitude is equal to the thickness of the blade. In nerd words, B-C = A-B * tan(θ). 🙂
Note: There are a variety of assumptions and variables here that I am not interested in accounting for.