A General Model for Cost Estimation in an Exchange
Current Generally Accepted Accounting Principles (GAAP) state that the cost of an asset acquired for cash is the fair value (FV) of the amount surrendered, and that of an asset acquired in a non-monetary exchange is the FV of the asset surrendered or, if it is more “clearly evident,” the FV of the a...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2014-03-01
|
| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/2158244014526704 |