Water Bottling Inc.(WBI)is a 100% wholly owned subsidiary with operations in France.WBI was purchased by a Canadian parent on January 1,20X5.The financial records of WBI are maintained in euros and provide the following information with respect to equipment,intangibles and goodwill.
Equipment - purchased on January 1,20X5 for €250,000 - depreciated over 5 years on a straight-line basis.
Equipment - purchased on January 1,20X6 for €175,000 - depreciated over 5 years on a straight-line basis. 
Required:
Assume that WBC's functional currency is the Canadian dollar.Calculate the translated Canadian dollar balances for the following accounts for December 31,20X7
a.Equipment
b.Accumulated depreciation - equipment
c.Depreciation expense
Definitions:
Reasonable Source
A credible or reliable origin of information or data that is considered acceptable or trustworthy for making decisions or drawing conclusions.
Sold Receivables
The process of a company selling its receivables to a third party to improve its cash flow.
Maturity Date
The date on which the final payment on the bond is due from the bond issuer to the investor.
Note Receivable
A financial asset representing a written promise for a debtor to pay a specified sum of money to the creditor on a determined future date or on demand.
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