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Question 9 (1 point) On March 1, Year 4, Big Barbeque Inc. (BBI) ordered some used equipment from a company in France for E150,000, terms FOB destination. The equipment's useful life is eight years, and it is depreciated using the straight-line method with a residual value of C$35,000. BBI's policy is to pro-rate depreciation in the year of acquisition and disposal. The equipment was delivered on April 1, Year 4, and the invoice called for payment to be made on June 30, Year 4. Exchange rates were as follows: April 1 E1 = C$1.70 December 31 E1 = C$1.80 Average rate from April 1 to December 31 E1 = C$1.72 BBI uses the Canadian dollar as its functional currency and prepares its financial statements in accordance with IFRS. The company has a December 31 year end. How much depreciation would be recorded on this equipment for Year 4? a) $20,625 ( b) $20,906 O c) $22,031 ( d) $27,500