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If a company immediately recognizes any gain or loss on a nonmonetary exchange, the company is probably valuing assets based on the fair value of

If a company immediately recognizes any gain or loss on a nonmonetary exchange, the company is probably valuing assets based on the fair value of the asset given up or received, whichever is clearly more evident. fair value of the asset given up. fair value of the asset received. value the company expects to obtain over the asset's useful life

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