An American Firm Owns 100% of a German Firm That

An American firm owns 100% of a German firm that had the following transactions occur relative to their equipment account:
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$$\begin{array} { l l } \text { January } 1,2018 & \text { Purchased equipment for } 50,000 \text { euros } \\\text { July 1,2018 } & \text { Purchased equipment for 30,000 euros } \\\text { January 1,2019 } & \text { Purchased equipment for } 75,000 \text { euros } \\\text { July 1,2019 } & \text { Sold equipment purchased on January 1, 2018 for 48,000 euros }\end{array}$$ The following exchange rates could be relevant:
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$\begin{array}{lll}\text { Date }&\text { euro/ \$}& \text { Date } & \text { euro/\$ }\\ \text { January 1,2018 } & \$ 0.50 & \text { January 1,2019 } & \$ 0.53 \\\text { July 1,2018 } & \$ 0.52 & \text { July 1, 2019 } & \$ 0.50 \\\text { December 31,2018 } & \$ 0.53 & \text { December 31, 2019 } & \$ 0.49 \\\text { Average 2018 } & \$ 0.515 & \text { Average 2019 } & \$ 0.51\end{array}$
Required:
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Assuming that the U.S.dollar is the functional currency and that the German firm uses straight-line depreciation over a 5-year period with a 10% salvage value, determine the following for re-measurere-measurement purposes:
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a.The value of the equipment account on December 31, 2019.?
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b.The value of the depreciation expense for 2019.?
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c.The amount of the gain or loss resulting from the July 1, 2019, sale.