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.
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Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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