In an exchange of dissimilar assets, the new asset is recorded at the fair market value of

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In an exchange of dissimilar assets, the new asset is recorded at the fair market value of the asset received or the fair market value of the asset given up plus cash paid, whichever is more clearly evident.  kio5

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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