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Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2017. Selected account balances are avallable for the year ended December

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Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2017. Selected account balances are avallable for the year ended December 31, 2018, and are stated In Euro, the local currency Sales Inventory (bought on February 1, 2818) Equipment (bought on January 1, 2817) Dividends (paid on September 1, 2818) Accumulated depreciation Equipment 12/31/18 Depreciation expense - Equipment, 2818 28,800 9e,800 28,880 45, 808 9,800 Relevant exchange rates for 1 Euro are glven below $8.91 8.93 8.94 8.97 1.81 8.98 8.98 8.95 January 1, 2817 January 1, 2818 February 1, 2818 September 1, 2818 December 31, 2818 4th quarter average, 2817 th 4 quarter average, 2818 Average, 2818 Assume the functional currency is the Euro, compute the U.S. Income statement amount for depreclation expense for 2018 Multiple Cholce $8.190. $8,370. $8,820. $9,090. $8,550

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