Answer
I don't agree. Depreciation represents the allocation of the historical cost of equipment over its useful life. In some decision-making scenarios, the depreciation cost of existing equipment can be relevant. For instance, when considering the replacement of equipment, the remaining book value (undepreciated cost) and future depreciation of the old equipment can be relevant to the decision. So, it's not always irrelevant; it depends on the context of the decision.
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