U.S. Prudential Express multinational corporation's subsidiary Prudential Ventures in Bangkok, Thailand has on its books Fixed Assets valued at 27,000,000 Baht. One-third of these fixed assets were acquired two years ago when the exchange rate was THB38 = $1. Balance fixed assets were acquired last year when the exchange rate was THB36 = $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: THB32 = $1 average rate: THB33 = $1. Required: (1) Calculate Prudential Venture's depreciation expense for the current year, assuming the baht is the functional currency. (6 marks) (2) Calculate Prudential Venture's depreciation expense for the current year, assuming that the U.S. dollar is the functional currency. (6 marks) International accounting issues have grown in importance and complexity in recent years. Briefly discuss this statement.