A subsidiary of Reynolds Inc., a U.S. company, was located in a foreign country. The local currency of this subsidiary was the Euro ( ) while the functional currency of this was the U.S. dollar. The subsidiary acquired Equipment A on January 1, 2018, for 250,000. Depreciation expense associated with Equipment A was 25,000 per year. Or 1, 2020, the subsidiary acquired Equipment B for 150,000 and Equipment B had Currency exchange rates between the U.S. dollar and the Euro were as follows: What amount would have been reported for depreciation expense related to the equipment owned by the subsidiary in Reynolds's consolidated balance sheet at December 3 $41,500 $44,800. $45,500. $42,300. $42,600. @ Moving to the next question prevents changes to this answer. Question 3