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U.S. Multinational Corporation's subsidiary in Bangkok has on its books fixed assets valued at 295000 baht. One-third of assets were acquired two year ago when

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U.S. Multinational Corporation's subsidiary in Bangkok has on its books fixed assets valued at 295000 baht. One-third of assets were acquired two year ago when the exchange rate was THB 31=$1. The other fixed assets were acquired last year when the exchange rate was THB 35= $1. Each layer of fixed assets is being deprecated straight-line with an estimated useful life of 20 year. Relevant exchange rates for the current year are Year-end rate THB 38=$1 Average rate THB 36=$1 Calculate the Thai subsidiary's depreciation for the current year, assuming the U.S. dollars is the functional currency

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