Maker Ltd, an American Company, Acquired US$200,000 of Capital Assets on on January

Multiple Choice

Maker Ltd., an American company, acquired US$200,000 of capital assets on January 1, 2018, when the company was established. These assets were being amortized over 10 years on a straight-line basis, with no significant residual value expected. On January 1, 2019, Holdings Inc., a Canadian company with no capital assets of its own, acquired 100% of the outstanding shares of Maker. US$40,000 of the acquisition differential was allocated to the capital assets, which had eight years remaining economic life on the acquisition date. On March 1, 2020, Maker acquired a further $80,000 of capital assets, which had an estimated useful life of eight years from that date.
Exchange rates for the period from January 1, 2018 to December 31, 2020 were:
$\begin{array}{|l|r|}\hline \text { Tanuary } 1,2018 & \text { US } \$ 1.00=C D N \$ 1.05 \\\hline \text { Tanuary } 1,2019 & U S \$ 1.00=C D N \$ 1.06 \\\hline \text { Average for } 2019 & \text { US } \$ 1.00=\text { CDN } \$ 1.0625 \\\hline \text { December } 31,2019 & \text { US } \$ 1.00=\text { CDN } \$ 1.065 \\\hline \text { March } 1,2020 & \text { US } \$ 1.00=\text { CDN } \$ 1.068 \\\hline \text { Average for } 2020 & U S \$ 1.00=\text { CDN } \$ 1.07 \\\hline \text { December } 31,2020 & \text { US } \$ 1.00=\text { CDN } \$ 1.075 \\\hline\end{array}$ If Maker's functional currency is the same as the parent's, what amount will be shown for capital assets (net) on its translated Canadian dollar financial statements as at December 31, 2020?

A) $212,500
B) $224,940
C) $225,830
D) $374,460