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

question 42

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 the cost of the intangible asset?

• 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:

Harm

Physical injury or damage to someone's health or well-being, or the potential to cause such effects.

Benefit

A positive outcome or advantage that results from a particular situation, action, or policy.

Ethical Decision Making

Ethical decision making involves choosing actions that are morally right and reflect the ethical standards of an individual or organization.

Decision-Making Principles

Guidelines or criteria used to make choices among alternatives.