ABC Inc. engages in a non-cash exchange with a third party whereby ABC Inc. issues common shares to the third party in exchange for some highly specialized Machinery & Equipment. The value of the shares issued was $15,000 while the appraised value of the Machinery & Equipment was $12,000. At what amount would this transaction be valued on ABC's books?

Question 6 options:

$12,000 under IFRS and $15,000 under ASPE.

$15,000 under IFRS and $12,000 under ASPE.

$12,000 under either ASPE or IFRS.

$15,000 under either ASPE or IFRS.