Bangkok Instruments, Ltd. (B). Using the original data provided for Bangkok Instruments, assume that the Thai baht appreciated in value from B30/$ to B25/$ between March 31 and April 1. Assuming no change in balance sheet accounts between those two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of exposed accounts.

Bangkok Instruments, Ltd. Balance Sheet, March 1, thousands of Thai bahts Assets Liabilities and Net Worth Cash B24,000 Accounts B18,000 payable Accounts 36,000 Bank loans 60,000 receivable Inventory 48,000 18,000 Common stock Net plant and equipment Retained 60,000 earnings B168,000 72,000 B168,000 Exchange rates for translating Siam Toy's balance sheet into U.S. dollars are: B40.00/$ B30.00/$ April 1st exchange rate after 25% devaluation. March 31st exchange rate, before 25% devaluation. All inventory was acquired at this rate. Historic exchange rate at which plant and equipment were acquired. B20.00/$ Using the data presented, assume that the Thai baht dropped in value from B30/$ to B40/$ between March 31st and April 1st. Assuming no change in balance sheet accounts between these two days, calcu gain or loss om translation by both the current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of exposed accounts