Advance financial

July 1, 2018 100,000 Building and equipment are depreciated using straight- line method and a 10-year life, with no salv time left 1:41:02 Exchange Rates Table January 1, 2016 1 $1.20 December 31, 2017 1 $1.25 1 January 1, 2018 $1.25 July 1, 2018 1 $1.26 November 1, 2018 1 $1.27 December 26, 2018 1 $1.31 December 31, 2018 1 $1.35 Average for 2018 1 $1.30 Assume the U.S. dollar is the functional currency. Using the appropriate restatement method, what is the amount of accumulated depreciation in dollars a. $60,000 b. $60,050 c. $76,300 d. $76,300 July 1, 2018 100,000 Building and equipment are depreciated using straight- line method and a 10-year life, with no salv time left 1:41:02 Exchange Rates Table January 1, 2016 1 $1.20 December 31, 2017 1 $1.25 1 January 1, 2018 $1.25 July 1, 2018 1 $1.26 November 1, 2018 1 $1.27 December 26, 2018 1 $1.31 December 31, 2018 1 $1.35 Average for 2018 1 $1.30 Assume the U.S. dollar is the functional currency. Using the appropriate restatement method, what is the amount of accumulated depreciation in dollars a. $60,000 b. $60,050 c. $76,300 d. $76,300