What is the final recorded value of the equipment


A U.S. firm has purchased, for 50,000 FC, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value of the equipment if the two-transaction method is used?

A) $40,000

B) $38,000

C) $42,000

D) $50,000

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the final recorded value of the equipment
Reference No:- TGS064892

Expected delivery within 24 Hours