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AS-10
Accountancy
In Exchange transaction Fair value of asset given up should be given 1st priority or asset aquired sir
Answers (2)
The provision is fair value of the asset given or the fair value of the asset received which is more clearly evident i.e. appropriate or a better measure. If nothing is given, take value of asset acquired and give a note of the provision + point that you assumed fair value of asset acquired is more clearly evident.
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