Under the temporal method of consolidating foreign currency financial statements, what exchange rate should be used for translating the depreciation expense recorded by a subsidiary?
A. average rate
B. current rate
C. historical rate
D. forward rate
Answer:C
Under the temporal method of consolidating foreign currency financial statements, what exchange rate should be used for translating the depreciation expense recorded by a subsidiary?
A. average rate B. current rate C. historical rate D. forward rate