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U.S. Industries has a subsidiary in Switzerland. The subsidiarys financial statements are maintained in Swiss francs (CHF). Exchange rates ($/CHF) for selected dates are as follows:
January 1, 2018	$1.02	November 30, 2020	$1.08
January 1, 2019	1.04	December 31, 2020	1.09
		Average for 2020	1.06
The following items appear in the subsidiarys trial balance at December 31, 2020:
1. Cash in bank, CHF4,000,000.
2. Inventory, CHF3,000,000. The inventory was acquired on November 30, 2020.
3. Machinery and equipment, CHF11,000,000. A review of the records indicates that the company bought equipment costing CHF5,000,000 in January 2018 (20 percent of this was sold in January 2020) and additional equipment costing CHF7,000,000 in January 2019. Ignore accumulated depreciation.
4. Depreciation expense on machinery and equipment, CHF1,100,000 (depreciated over ten years, straight-line basis).
Required
Calculate the dollar amount for each of the above items, assuming the functional currency of the Swiss subsidiary is (a) the U.S. dollar and (b) the Swiss franc.
Enter answers using all zeros (do not abbreviate to millions or thousands).
	a. Translated	b. Remeasured
Cash	?	?
Inventory	?	?
Machinery and equipment	?	?
Depreciation expense	?	?

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