Question
Post your explanation on the different uses of rates (current and historical) for translating expenses. In formulating your Discussion post, consider the following: Under the
Post your explanation on the different uses of rates (current and historical) for translating expenses. In formulating your Discussion post, consider the following: Under the current rate method, all the expenses are translated using some form of current period exchange rate. Under the temporal method, some expenses such as salaries and utilities are translated using current rates but others, such as cost of goods sold and depreciation expense, use historical rates. Why are different rates used by the two methods? After all, they are all expenses. Question: Explain "Why are different rates used by the two methods? After all, they are all expenses"?
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