Bangkok Instruments, Ltd. (A). Bangkok instruments, Lti, the Thai subsid ary of a U S. corporation, is a seismic instrument manulacturer, Bangkok instruments manufactures the instruments primanly for the oil and gas industry globaly. - though with recent commodity price increases of all kinds indluding coppec, its buniness has begun to grow rapidly Sales are primanly to multinabonal companies based in the United States and Europe. Bangkok instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window. Exchange rates for translasing Bangkok Instruments' balance sheet into U.S. dollars are B36.67/5 April 1 exchange rate, ater 25% devaluation. B29.00/5 March 31 exchange rate, before 25\% dovaluation. All inventory was acequed at this rate. 820.00/5. Histonc exchange rate at which plant and equipment were accuired. The Thai baht dropped in value trom 829.0015 to B3e 67is between March 31 and April 1. Assuming no change in balance sheet accounts between these two days. calculase the gain of loss from translation by both the current rate method and the temporal method. Bangkok Instruments' translated balance shoot using the current rase meahod is shown here, , and the one vaing the temporal methed is shown here. Explain the translation gain or loss in terms of changes in the value of exposed accounts. Using the translated balance sheet under the cument rate method. , what is the amount of transiation gain or loss? Enter a positive number for a gain and negative for a losk. (Round to the nearest dollat) (Click on the following icon in order to copy its contents into a spreadsheet.) Data table (Click on the following icon [ in order to copy its contents into a spreadsheet.) Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Current Rate Method prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Temporal Method (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earninys vi an prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. (c) Under the temporal method, the translation gain (loss) would be closed into retained earnings through the income statement rather than left as a separate line item as shown here. Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Current Rate Method (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retainea earnings or an prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht
