International Monetary Fund s Charges-Case for a Review

March 7, 1970 am, the discounted present value of the depreciation allowance will be considerably low. Besides, in view of an assumption of a secular rise in prices (made by Bhoothatingam) a uniform rate of upvaluation will discriminate against physical assets with relatively long useful lives because the longer the period the gap between replacement cost of an asset and its written up value will tend to widen.