a. Assuming the U.S. dollar is the functional currency what is the remeasurement gain or loss for 2015?

The following account balances are for the Agee Company as of January 1. 2015. and December 31, 2015 All figures are denominated in kroner (Kr). Additional Information Agee issued additional shares of common stock during the year on April 1, 2015 Common stock at January 1, 2015. was sold at the start of operations in 2004 It purchased buildings in 2005 and sold one building with a book value of Kr 12.500 on July 1 of the current year Equipment was acquired on April 1, 2015 Relevant exchange rates for 1 Kr were as follows