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.

---

Definitions:

Connective Tissue

A type of body tissue that supports, connects, or separates different types of tissues and organs in the body.

Subcutaneous

Situated or applied under the skin.

Dermis

The thick layer of living tissue below the epidermis that forms the true skin, containing blood capillaries, nerve endings, sweat glands, and hair follicles.

Epidermis

The outer protective layer of the skin that produces new skin cells.