Question: Entity A exchanges car X with a book value of Rs. 13,00,000 and a fair value of Rs.13,25,000 for cash of Rs.15,000 and car

Entity A exchanges car X with a book value of Rs. 13,00,000

Entity A exchanges car X with a book value of Rs. 13,00,000 and a fair value of Rs.13,25,000 for cash of Rs.15,000 and car Y which has a fair value of Rs.13,10,000. The transaction lacks commercial substance as the company's cash flows are not expected to change as a result of the exchange. It is in the same position as it was before the transaction. What will be the measurement cost of the assets received?

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