Assume that Chandler Inc. purchased equipment was purchased on 1/1/18 for 1,500 Euros when the exchange rate is $1.25 per Euro. It purchased another item of equipment one year later on 1/1/19 for 4,500 Euros whent the exchange rate is $1.50 per Euro. Both pieces of equipment have a 5 year useful life.

Calculate the amount of the equipment on the consolidated balance sheet on December 31, 2020 when the exchange rate is $2.00 per Euro using the TEMPORAL METHOD

Equipment 1
Equipment 2
Total Equipment	$ -

Calculate the amount of depreciation expense on the consolidated income statement for the year ending December 31, 2020 using the TEMPORAL METHOD

Equipment 1
Equipment 2
Total Depreciation Expense	$

Calculate the amount of accumulated depreciation on the consolidated balance sheet on December 31, 2020 using the TEMPORAL METHOD

	Equipment 1
	Equipment 2
	Total Accumulated Depreciation	$ -

Calculate the amount of the equipment on the consolidated balance sheet on December 31, 2020 when the exchange rate is $2.00 per Euro using the CURRENT RATE METHOD
			Total Equipment
Calculate the amount of ACCUMULATED DEPRECIATION on the consolidated income statement for the year ending December 31, 2020 using the CURRENT RATE METHOD
			Total Accumulated Depreciation