Water Bottling Inc

question 31

Essay

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.
Foreign exchange rates were as follows:
Required:
Assume that WBC's functional currency is the euro.Calculate the translated Canadian dollar balances for the following accounts for December 31,20X7
a.Equipment
b.Accumulated depreciation - equipment
c.Depreciation expense
d.Goodwill

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Definitions:

Discriminations

The ability to perceive and respond differently to distinct stimuli or to make distinctions in treatment or choice due to differences.

Complex Stimuli

Stimuli that involve multiple or intricate characteristics and are processed by the sensory system, requiring advanced cognitive functions to be interpreted.

Variable-Ratio Reinforcement Schedule

A reinforcement strategy where a response is rewarded after an unpredictable number of responses, enhancing motivation to continue the behavior.

Gambling

The act of wagering money or something of value on an event with an uncertain outcome with the primary intent of winning additional money or material goods.