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What was the amount of the translation adjustment for 2018?

What was the amount of the translation adjustment for 2018?

A) $52,000 decrease in relative value of net assets.

B) $60,400 decrease in relative value of net assets.

C) $60,400 increase in relative value of net assets.

D) $440,000decrease in relative value of net assets.

E) $26,000 increase in relative value of net assets.

Answer: B

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What was the amount of the translation adjustment for 2018?

. Under the current rate method, which accounts are translated using current exchange rates?