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What amount of gain or loss would be reported

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With accumulated depreciation of 75,000 pesos for 140,000 pesos on March 1, 2009. The equipment was purchased on January 1, 2008, when the exchange rate for the peso was $.11. Relevant exchange rates for the peso are as follows:

The financial statements for Perez are re-measured by its U.S. parent. 

What amount of gain or loss would be reported in its translated income statement? D. $1,090 

Reference no: EM13947748

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