Huff Co. exchanged nonmonetary assets with Sayler Co. No cash was exchanged and the exchange had no commercial substance. The carrying amount of the asset surrendered by Huff exceeded both the fair value of the asset received and Sayler's carrying amount of that asset. Huff should recognize the difference between the carrying amount of the asset it surrendered and the fair value of the asset it received as a gain. the fair value of the asset it received as a loss. Sayler's carrying amount of the asset it received as a loss. Sayler's carrying amount of the asset it received as a gain