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Lucia Corporation owns a foreign subsidiary with 2 , 5 0 0 , 0 0 0 local currency units ( LCU ) of property, plant,
Lucia Corporation owns a foreign subsidiary with local currency units LCU of property, plant, and equipment before accumulated depreciation on December X Of this amount, LCU were acquired
in X when the rate of exchange was LCU $ and LCU were acquired in X when the rate of
exchange was LCU $ The rate of exchange in effect on December X was LCU $ The weighted
average of exchange rates that were in effect during X was LCU $ Assume that the US dollar is the
functional currency. The property, plant, and equipment are depreciated using the straightline method over a year period with no salvage value. How much depreciation expense relating to the foreign subsidiary's property, plant, and equipment should be charged in Lucia's income statement for X
A$
B$
C$
D$
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