Can someone explain this to me in detail? Bangkok Instruments, Ltd., the Thai subsidiary of a U.S.corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globally, though with recent commodity price increases of all kinds including copper its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown as:

Assets Liabilities

Cash B24,000 Accounts payable B18000

Accts Receivable 36,000 Bank Loans 60,000

Inventory 48,000 Common Stock 18,000

Net Plant and Retained Earnings 72,000

equipment 60,000

Total B 168,000 Total B 168,000

Exchange rates fro translating Siam Toy's balance sheet into US dollars: are

B40.00/$ April 1st exchange rate after 25% devaluation

B30.00/$ March 31st exchange rate, before 25% devaluation. All inventory was

acquired at this rate

B20.00/$ Historic exchange rate at which plant and equipment were acquired

Part 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 2 days, calculate the gain or loss from translation by both the current rate method and temporal method.