U.S. United Health multinational corporation's subsidiary Health Ventures in Krabi, Thailand has on its books Property, Plant & Equipment (PP&E) valued at 12,000,000 Baht. One-third of these fixed assets were acquired two years ago when the exchange rate was THB30 - $1. Balance fixed assets were acquired last year when the exchange rate was THB32 = $1. Each layer of fixed assets is being depreciated straight-line with an estimated useful life of 20 years. Relevant exchange rates for the current year are: Year-end rate: THB34=$1 average rate: THB33 = $1. Required: (a) Calculate Health Venture's depreciation expense for the current year, assuming the Baht is the functional currency. (b) Calculate Health Venture's depreciation expense for the current year, assuming that the U.S. dollar is the functional currency.