Mercier measures an investment property abroad at fair value: 350,000, determined at a date when the rate is 1.17 euros per 1 pound. The later closing rate is 1.21 euros. Calculate the amount in euros to use.
- Fair value in pounds
- 350,000
Mercier measures an investment property abroad at fair value: 350,000, determined at a date when the rate is 1.17 euros per 1 pound. The later closing rate is 1.21 euros. Calculate the amount in euros to use.