Question 15 Not yet answered On January 1, 2018. Pass Company acquired Study PLC, a British subsidiary, by purchasing all its common stock at book value. Time left 0:54:30 Building and equipment were acquired as follows: Date Cost Marked out of 1 P Pag Question January 1, 2016 100.000 December 31, 2017, 130,000 Duty 1. 2018 $100,000 Building and equipment are depreciated using straight- line method and a 10-year life, with no salvage value. Exchange Rates Table January 1, 2016 $1.20 December 31, 2017 1 $1.25 1 $1.25 January 1, 2018 July 1, 2018 November 1, 2018 3 $1.26 1 $1.27 December 26, 2018 1 $1.31 December 31, 2018 19 $1.35 Average for 2018 14 $1.30 Assume the U.S. dollar is the functional currency. Using the appropriate restatement method, what is the amount of accumulated depreciation in dollars a $76,300 b. $60.000 C. $76.300 d. $60.050