Question: Which method ( s ) of financial reporting does ( do ) not recognize the impact of changes in purchasing power? Historical Cost Historical Cost

Which method(s) of financial reporting does (do) not recognize the impact of changes in purchasing power?
Historical Cost
Historical Cost-GPL(general price level adjusted)
Current Value
Current Value-GPL(general price level adjusted)
Both Historical Cost and Current Value
Historical Cost-GPL(general price level adjusted)and Current Value-GPL(general price level adjusted)

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