Argento Co. is a Columbian subsidiary of a U.S. company. The following exchange rates were in effect during 2020:

Date	Spot Rate
Jan. 1	$0.80
July 1	$0.84
Dec. 31	$0.81
Weighted average for year	$0.83

Agento acquired equipment worth 60,000 pesos (5-year life) on Jan. 1 and equipment worth 80,000 pesos (4-year life) on July 1. If the functional currency were the US dollar, what amount (rounded) would have been included for this subsidiary in calculating consolidated depreciation expense?

Group of answer choices

$18,260

$17,820

$17,600

$18,000

$25,600