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:

Negative Reinforcement

A type of learning where a behavior is strengthened because it is followed by the removal of an unpleasant stimulus.

Positive Reinforcement

A method in behaviorism that involves the addition of a rewarding stimulus following a desired behavior, with the aim of increasing the likelihood of that behavior being repeated.

Aversive Condition

A situation or stimulus that is unpleasant or uncomfortable and which an individual seeks to avoid or escape.

Negative Reinforcement

A behavioral psychology concept where the removal of an undesirable or negative stimulus strengthens a behavior.