If the company acquires a forward contract to hedge any unfavorable changes in fair value of the equipment, at what amount is the equipment recorded on the books on November 30, 2019? The forward rate...

If the company acquires a forward contract to hedge any unfavorable changes in fair value of the equipment, at what amount is the equipment recorded on the books on November 30, 2019? The forward rate for November 30 settlement is $1.35.

a. $300,000

b. $260,000