If Maker is considered to be a self-sustaining foreign subsidiary (i.e., the functional currency of the foreign operation is different than the parent), what amount will be shown for capital assets (net) on its translated Canadian dollar financial statements as at December 31, 2016? 

 

 

If Maker is considered to be a self-sustaining foreign subsidiary (i.e., the functional currency of the foreign operation is different than the parent), what amount will be shown for capital assets (net) on its translated Canadian dollar financial statements as at December 31, 2017?

 

 

 

 

45.

If Maker is considered to be an integrated foreign subsidiary (i.e., the functional currency of the foreign operation is the same as the parent), what amount will be shown for capital assets (net) on its translated Canadian dollar financial statements as at December 31, 2016?

43.

If Maker is considered to be a self-sustaining foreign subsidiary (i.e., the functional currency of the foreign operation is different than the parent), what amount will be shown for amortization expense on its translated Canadian dollar financial statements as at December 31, 2016?

 

 

 

 

calculation of translated amortization expense on capital assets (net) for year ended Dec.31,2016:(self-sustaining operations use the presentation currency translation (PCT) method; revenues/expenses translated at average exchange rate for year assuming incurred evenly throughout the year)

Answer rating: 100% (QA)

Makers Capital Assets Net on Translated Financial Statements Heres how the treatment of capital asse... View the full answer