An intangible asset acquired in exchange of another asset, should be recorded A. At nil value B.

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An intangible asset acquired in exchange of another asset, should be recorded
A. At nil value
B. At the net book value of the asset given up
C. At the original cost of the asset given up

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

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Question Posted: Aug 19, 2023 02:56 AM

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An intangible asset acquired in exchange of another asset, should be recorded A. At nil value B.

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

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