A USfirm Has Purchased, for 50,000 FC, an Electric Generator from from a Foreign

Multiple Choice

A U.S.firm has purchased, for 50,000 FC, an electric generator from a foreign firm.The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid.What is the final recorded value of the equipment if the two-transaction method is used?

A) ​$40,000
B) $38,000​
C) ​$42,000
D) ​$50,000