Under the temporal method,at what exchange rate is amortization expense translated?
A)At the average rate for the year
B)At the historical rate when the related assets were acquired
C)At the closing rate
D)At the rate at the beginning of the fiscal period

Question

Quizplus · Accepted Answer

According to the temporal method, assets are translated at the historical exchange rate when they were acquired. Therefore, amortization expense is also translated at the same historical exchange rate.

Under the Temporal Method,at What Exchange Rate Is Amortization Expense