{"id":95297,"date":"2020-12-24T14:36:30","date_gmt":"2020-12-24T09:06:30","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=95297"},"modified":"2024-04-12T14:25:20","modified_gmt":"2024-04-12T08:55:20","slug":"non-monetary-consideration","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/non-monetary-consideration\/","title":{"rendered":"Non-monetary Consideration"},"content":{"rendered":"\n

When a fixed asset is acquired in exchange for another asset, its cost is usually determined by reference to the fair market value of the consideration given. It may be appropriate to consider also the fair market value of the asset acquired if this is more clearly evident. When a fixed asset is acquired in exchange for shares or other securities in the enterprise, it is usually recorded at its fair market value, or the fair market value of the securities issued, whichever is more clearly evident.<\/p>\n\n\n\n

Fair market value is the price that would be agreed to in an open and unrestricted market between knowledgeable and willing parties dealing at arm’s length who are fully informed and are not under any compulsion to transact.<\/p>\n","protected":false},"excerpt":{"rendered":"

When a fixed asset is acquired in exchange for another asset, its cost is usually determined by reference to the fair market value of the consideration given. It may be appropriate to consider also the fair market value of the asset acquired if this is more clearly evident. When a fixed asset is acquired in…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-95297","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nNon-monetary Consideration - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/non-monetary-consideration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-monetary Consideration - Tutorial\" \/>\n<meta property=\"og:description\" content=\"When a fixed asset is acquired in exchange for another asset, its cost is usually determined by reference to the fair market value of the consideration given. 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