The sound of ringing bells do not become quieter when you move further away

The sound of ringing bells does not diminish in volume as you move farther away; instead, they simply cease playing once you're far enough away.

Steps to Reproduce:

1. Place down a bell
2. Repeatedly power it (can use a simple observer clock)
3. Continue to move away from the bell

Expected Result:

The sound would diminish in volume as the player moves away, and then stop playing once the player is far enough away.

Observed Behavior:

The bell stays a consistent volume, and abruptly cuts off once you are out of range.

Screenshots/Videos:

bell.mp4

Notes:

Related to other sound distance issues:
MC-177741 MC-249410 MC-250933 MC-204960