When inflation is significant, depreciation of assets recorded on a historical cost basis will be larger than it would be in today's dollars.

Name: When inflation is significant, depreciation of assets recorded on a historical cost basis will be larger than it would be in today's dollars.
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Depreciation of assets recorded on a historical cost basis does not change with inflation; it remains constant based on the original cost of the asset, not reflecting current value or replacement cost.

When Inflation Is Significant, Depreciation of Assets Recorded on a Historical