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A 100%-owned subsidiary of a Canadian parent company has certain expense accounts for the year ended December 31,2018 , stated in foreign currency euro (
A 100%-owned subsidiary of a Canadian parent company has certain expense accounts for the year ended December 31,2018 , stated in foreign currency euro ( ) as follows: (E) Depreciation of equipment (related assets were purchased January 1, 2015)375,000 Supplies exp 250,000 Rent exp 625,000 The exchange rates at various dates are as follows: Assume that the Canadian dollar is the subsidiary's functional currency and that the charges to the expense accounts occurred approximately evenly during the year. None of these C$1,881,250 1,881,250 C$1,918,750
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