PPE UK PLC purchased a sophisticated 3D printer for their own use on credit for EUR50,000 on 23 February 2018. The payable was settled on 10 April 2018.

The following were the exchange rates: 23 February 2018 0.741 : $1 31 March 2018 0.753 : $1 10 April 2018 0.731 : $1

At 31 March 2018, which is the entitys year-end, what amounts would have been held in respect of this transaction?

Select one:

a. Non-current assets at cost of $67,476 and payables of $66,401

b. Non-current assets at cost of $66,401 and payables of $66,401

c. Non-current assets at cost of $67,476 and payables of $67,476

d. Non-current assets at cost of $68,399 and payables of $68,399