Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2020. Selected account balances are available for the year ended December 31, 2021, and are stated in Euro, the local currency.

Sales		400,000
Inventory (bought on February 1, 2021)		20,000
Equipment (bought on January 1, 2020)		90,000
Dividends (paid on September 1, 2021)		20,000
Accumulated depreciationEquipment 12/31/21		45,000
Depreciation expenseEquipment, 2021		9,000

Relevant exchange rates for 1 Euro are given below:

January 1, 2020	$0.91
January 1, 2021	0.93
February 1, 2021	0.94
September 1, 2021	0.97
December 31, 2021	1.01
4th quarter average, 2020	0.90
4th quarter average, 2021	0.98
Average, 2021	0.95

Assume the functional currency is the U.S. Dollar; compute the U.S. income statement amount for depreciation expense for 2021.

Multiple Choice

• $8,190.

• $8,370.

• $8,820.

• $9,090.