A U.S. company acquired a Philippine subsidiary at the beginning of the year. At the date of acquisition, the subsidiary reported plant assets of 800,000 pesos. During the year, it acquired plant assets of 300,000 pesos and reported depreciation expense of 100,000 pesos, of which 40,000 pesos related to plant assets acquired during the year. The subsidiary reported inventory 150,000 pesos at the date of acquisition, made inventory purchases of 450,000 pesos evenly during the year, and had 120,000 pesos of inventory on hand at the end of the year. The U.S.$/peso exchange rate was $0.02 on the acquisition date, $0.028 when the new plant assets were acquired, $0.029 when the ending inventory was purchased, $0.03 at the end of the year, and the average rate for the year was $0.025. What is the subsidiary's remeasured depreciation expense for the year