Required information Dowa, Ltd.. is a foreign company that uses IFRS for its financial reporting. Dowa is a wholly-owned subsidiary of lde Corp. which is a U.S. company that prepares its consolidated financial statements in accordance with U.S. GAAP. Dowa purchased a piece of equipment for 2,000,000 on January 1, 2017. The equipment is comprised of the following three significant components, shown with their associated cost and useful life. Component Housing Control Unit Motor Cost Useful Life 400,000 20 years 600,000 5 years 1,000,00010 years 2,000,000 As a corporate policy, lde Corp. utilizes the straight-line method of depreciation for machinery and equipment and plans to extend this policy to Dowa, Ltd Prepare the journal entry to convert the 2017 Dowa, Ltd. financial statements from IFRS to U.S. GAAP