$d$

$3$ Translation

Alamo Inc. purchased $80$ percent of the outstanding stock of Western Ranching Company, located in Australia, on January $1,20$X$3.$ The purchase price in Australian dollars $($A$$)$ was A$$200,000,$ and $A$$$40,000$ of the differential was allocated to plant and equipment, which is amortized over a

$626$ Chapter $12$ Multinational Accounting: Issues in Financial Reporting and Translation of Foreign Entity Statements dollars is as follows:

P$12-24$

Additional Information during the year. Purchases were the ending inventory was acquired at the average exchange:

$2.$ Plant and equipment were acquired as "whine?:

$\backslash$table$[[$Coste$,],[$January $201,$A $$180,000$