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An asset is exchanged for another asset and cash is received in the transaction. The fair value of the assets are not determinable. At what

An asset is exchanged for another asset and cash is received in the transaction. The fair value of the assets are not determinable. At what amount should the new

asset be recorded?

Book value of the asset given up less the cash received.

Book value of the asset received less the cash received.

Cash received plus the book value of the asset given up

.

Historical cost of the asset given up less the cash received.

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