10. Simga Companys Turkish subsidiary reported the following amounts in Turkish line (TL) on its December 31, Year 4, balance sheet. Equipment TL 100,000,000,000 Accumulated depreciation( straight line) 32,000,000,000 Addition information related to the equipment is as follows: Date Amount Purchased Useful Life US$/TL Exchange Rate 1/1/Y1 TL 60,000,000,000 10 years $0.0000070 = TL 1 1/1/Y3 40,000,000,000 10 years $0.0000020 = TL 1 U.S. - dollar exchange rates for the Turkish lira for Year 4 are as follows: January 1, year 4 $0.0000010 December 31, Year 4 0.0000006 B. Now assume that Turkey is not a highly inflationary economy and that the Turkish subsidiary primarily uses Turkish lire in conducting its operations. Determine the amounts at which the Turkish subsidiarys equipment and accumulated depreciation should be reported on Simga Companys December 31, Year 4, consolidated balance sheet in accordance with U.S. GAAP. Determine the net book value for equipment