An asset exchange is recorded at the carrying amount of the asset given up if Select one: a. the exchange is non-monetary or the amount of cash involved is very small. b. the exchange lacks commercial substance. c. the assets exchanged are similar. d. any of the above conditions are true. Special assessments for local improvements, such as pavement, street lights, sewers, and drainage systems, are usually charged to which account? Select one: a. Land improvements b. Maintenance c. Land d. Leasehold improvements Which of the following models is allowable under ASPE for measurement of property, plant and equipment after acquisition? Select one: a. the cost model b. the revaluation model c. the fair value model d. All of these models are allowable under ASPE