onal Accounting(1) U.S. Multinational Corporation's subsidiary in Bangkok has on its books fixed assets 62 valued at 377000 baht One-third of assets were acquired two year ago when the exchange rate was THB 31=$1. The other fixed assets were acquired last year when the exchange rate was THB 34= $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 30=$1 Average rate THB 38=$1 Calculate the Thai subsidiary's depreciation for the current year, assuming the U.S. dollars is the functional currency. ws