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3 April, 10:51

The cost of a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange has commercial substance is usually recorded at

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  1. 3 April, 13:37
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    Fair Value of Non - Monetary Asset Given Up

    Explanation:

    IAS 16 requires that the Fair Value of Non - Monetary Asset Given Up be the measurement cost of a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange has commercial substance.

    If Fair Value of Non - Monetary Asset Given Up can not be reliably obtained then use the Fair Value of Non - Monetary Acquired to measure cost of a nonmonetary asset acquired.
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