Assertion (A) is false because when two waves of equal amplitude interfere with a phase difference of \( \frac{\pi}{2} \), the resultant intensity is not equal to the intensity of one wave. Instead, it is given by:
\[
I = 2I_0 \cos^2 \left( \frac{\phi}{2} \right)
\]
For a phase difference of \( \frac{\pi}{2} \), this formula gives:
\[
I = 2I_0 \cos^2 \left( \frac{\pi}{4} \right) = 2I_0 \times \frac{1}{2} = I_0
\]
Thus, the intensity is equal to the intensity of one wave. Therefore, assertion (A) is true.
Reason (R) is correct because the resultant intensity in interference can indeed be the sum of the individual intensities when the phase difference is non-zero. However, in the case of a phase difference of \( \frac{\pi}{2} \), the intensities do not simply add up; they are modified by the interference effect.
Thus, the correct answer is (d), as assertion (A) is false but reason (R) is true.