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If theres an increase in fair value, how does it affect the profit in the long term? Does that mean it leads to an increase

If theres an increase in fair value, how does it affect the profit in the long term? Does that mean it leads to an increase in carrying amount of an asset and depreciation will decrease in the following periods? However, why does profit decrease as a result? If theres an increase in carrying amount of an asset, why does the profit decrease?

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