SpyAli

Fixed Assets PPE ->
Current Rate Method - Current Rate
Temporal Method -> Historic Rate

Depreciation:
Current Rate Method -> average
Temporal -> Historic

Inventory
Many variances/nuances here:
Current Rate
-----------------
End Inventory-> Current Rate (On B/S0
COGS -> on I/S -> Average Raet

Temporal Method (All nuances are here)
--------------------------------------------------
Ending Inventory -> Historic Rate (also depends on Flow assumption)
FIFO -> Latest inventory present in the End Inventory. So Historic Rate is actually the CURRENT Rate.
LIFO -> Old pieces are present in Ending Inventory. So Historic Rate is the real HISTORIC Rate.
Wt. Avg -> No issues here - use Wt. Avg Rate.

COGS
FIFO -> Old pieces have been used in COGS. So Historic Rate is the real HISTORIC Rate.
LIFO -> Latest inventory present in the COGS. So Historic Rate is actually the CURRENT Rate.
Wt. Avg -> No issues here - use Wt. Avg Rate.

CP