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    Financial Accounting Study Set 3
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    Exam 8: Reporting and Interpreting Property, Plant, and Equipment; Natural Resources; and Intangibles
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    The Cash-Equivalent Cost of an Asset Received Is Measured as Any
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The Cash-Equivalent Cost of an Asset Received Is Measured as Any

Question 72

Question 72

True/False

The cash-equivalent cost of an asset received is measured as any cash paid plus the current market value of the non-cash consideration given up.If this value is not determinable,the current market value of what is received should be used instead.

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