Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2017. Selected account balances are available for the year ended December 31, 2018, and are stated in Euro, the local currency. Sales Inventory (bought on February 1, 2018) Equipment (bought on January1, 2017) Dividends (paid on September 1, 2018) Accumulated depreciation Equipment 12/31/18 Depreciation expense Equipment, 2018 e 400,000 20,000 90,000 20,000 5,000 9,000 Relevant exchange rates for 1 Euro are given below: January 1, 2017 January 1, 2018 February 1, 2018 September 1, 2018 December 31, 2018 4th quarter average, 2017 4thquarter average, 2018 Average, 2018 $0.91 0.93 .94 0.97 1.01 0.90 . 98 0.95 MC Qu. 76 Assume the functional currency is the U.S. dollar.. Assume the functional currency is the US. Dollar, compute the US. income statement amount for depreciation expense for 2018