When an Intangible Asset Is Acquired by an Exchange of Assets,which

question 10

Multiple Choice

When an intangible asset is acquired by an exchange of assets,which of the following measures will need to be considered in the determination of that cost?

• A)The fair value of the asset given up.
• B)The initial cost of the asset given up.
• C)The carrying amount of the asset received.
• D)The replacement cost of the asset received.

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Definitions:

Approval

The act of accepting or endorsing something as meeting a required standard or condition.

Useful Comment

A constructive and beneficial observation or feedback that contributes to improvement or understanding.

Intermittent Reinforcement

A conditioning schedule in which a behavior is rewarded at random intervals, which can lead to a high level of response persistence.

Desired Behaviour

The specific actions or reactions that an organization or individual aims to elicit from others, typically to achieve a certain goal or outcome.