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fast U.S. Multinational Corporation's subsidiary in Bangkok has on its books fixed assets valued at 296000 baht One-third of assets were acquired two year ago

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U.S. Multinational Corporation's subsidiary in Bangkok has on its books fixed assets valued at 296000 baht One-third of assets were acquired two year ago when the exchange rate was THB 34=$1. The other fixed assets were acquired last year when the exchange rate was THB 32= $1. Each layer of fixed assets is being deprecated straight-line with an estimated useful life of 20 year Relevant exchange rates for the current year are Year-end rate THB 34=$1 Average rate THB 36=$1 Calculate the Thai subsidiary's depreciation for the current year, assuming the baht is the functional currency

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