=+2. A special machine was purchased from a South American supplier, FRTZ, on 1 October 20X8 for DM55,000 when the exchange rate was DM3.15 = €1. This machine is estimated to have an effective useful life of 5 years, and the company’s policy is to use the straight-line method of depreciation commencing on the date of acquisition. Payment for this machine was made in full on 15 December 20X8, when the exchange rate was DM3.00 = €1.