Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2017. Selected account balances are available for the year ended December 31, 2018, and are stated in Euro, the local currency.
Euros
Sales 400,000
Inventory (bought on 2/1/18) 20,000
Equipment (bought on 1/1/17) 90,000
Dividends (paid on 9/1/18) 20,000
Accumulated depreciation, equipment (at 12/31/18) 45,000
Depreciation expense, equipment (for 2018) 9,000

Relevant exchange rates for 1 Euro are given below:
1/1/17 $.91
1/1/18 .93
2/1/18 .94
9/1/18 .97
12/31/18 1.01
4th quarter average, 2017 .90
4th quarter average, 2018 .98
Average, 2018 .95


Assume the functional currency is the U.S. Dollar; compute the U.S. balance sheet amount for accumulated depreciation for 2018.