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Plant assets purchased in exchange for a zero-interest-bearing note should be accounted for at the 1.face value of the note. 2.fair value of the asset

Plant assets purchased in exchange for a zero-interest-bearing note should be accounted for at the

1.face value of the note.

2.fair value of the asset received.

3.book value of the asset received.

4.present value of the note.

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