Advance financial

On January 1, 2018. Pass Company acquired Study PLC. a British subsidiary, by purchasing all its common stock at book value. Building and equipment were acquired as follows: Date Cost January 1, 2016 2100,000 December 31, 2017 130,000 July 1, 2018 100.000 Building and equipment are depreciated using straight- line method and o 10-year life, with no salvage value. Exchange Rates Table January 1, 2016 1 $1.20 December 31, 2017 $1.25 January 1 2018 $1.25 July 1, 2018 $1.26 November 1. 2018 $1.27 December 26. 2018 $1.31 December 31, 2018 18 $1.35 Average for 2018 15 $1.30 25 43 2h 18 12 Assume the U.S. dollar is the functional currency. Using the appropriate restatement method, what is the amount of accumulated depreciation in dollars? Oo. $60.050 b. $76,300 c. $60,000 d. $76,300