By the replacement depreciation method, depreciation is recorded when assets are replaced.

Name: By the replacement depreciation method, depreciation is recorded when assets are replaced.
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The replacement depreciation method, also known as the 'revaluation model', involves recording depreciation when an asset is replaced or has a significant change in value. This is different from the traditional straight-line method where depreciation is recorded regularly over an asset's useful life.

By the Replacement Depreciation Method, Depreciation Is Recorded When Assets