For a long- lived operating asset acquired by issuing a note payable, do firms measure the initial

Question:

For a long- lived operating asset acquired by issuing a note payable, do firms measure the initial carrying value of the asset by the of the note? Explain.
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...