Business, 19.03.2021 02:50 klslaughter07

At the end of 2020, an italian subsidiary of a U. S. parent reports 1000000 euros in equipment purchased when the exchange rate was $.140, and 3000000 euros in equipment purchased when the exchange rate was $1.50. The avrage exchange rate for 2020 is $1.35, and the beginning and ending rates for 2020 are $1.42 and $1.31, respectively. If the Italian subsidiary's functional currency is the U. S. dollar, the equipment account, in U. S. dollars is

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