Question 3 (1 point) Listen to this page Under the temporal method, at what exchange rate is depreciation expense translated? At the average rate for the year At the historical rate when the related assets were acquired At the closing rate At the rate at the beginning of the fiscal period Question 4 (1 point) 1) Listen What exchange rate is usually used to report non-monetary assets on the statement of financial position? Historical rate Spot rate Closing rate Fair value Question 5 (1 point) Listen Which of the following statements about hedge accounting is true? Hedge accounting is mandatory. Hedge accounting is optional. Hedge accounting is applicable only if a receivable is being hedged. Hedge accounting is applicable only if a liability is being hedged