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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

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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) 2e, eee Accumulated depreciation-Equipment 12/31/21 45,000 Depreciation expense-Equipment, 2021 9 , Relevant exchange rates for 1 Euro are given below: January 1, 2020 January 1, 2021 February 1, 2021 September 1, 2021 naramher 21 A21 $0.91 @.93 0.94 2.97 1 21 Muy) LULA V. September 1, 2021 December 31, 2021 4th quarter average, 2020 4th quarter average, 202 Average, 2021 0.97 1.01 0.90 0.98 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 $8190

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