Under the current rate method, depreciation expense would be translated at what rate?
A) Beginning of the year rate.
B) Average rate.
C) Current rate.
D) Historical rate.
E) Composite amount.

Question

Quizplus · Accepted Answer

Under the current rate method, income statement items, including depreciation expense, are typically translated at the average rate for the period.

Under the Current Rate Method, Depreciation Expense Would Be Translated