nonmoneytary assets exchange and__ interest capitallization on construction contract[一].pptVIP

Exchanges of dissimilar assets Cost of asset acquired= FV of Asset Surrendered + Boot Paid/-Boot Received Gain(Loss)= FV of Asset Surrendered – BV of Asset Surrendered Exchange of similar assets FVBV Cost of asset acquired=FV of Asset Surrendered + Boot paid/-Boot received FVBV Cost of asset acquired=BV of Asset Surrendered + Boot paid Cost of asset acquired=BV of Asset Surrendered - Boot received + Gain recoginized * * Assets Acquired by Exchange of Other Assets A nonmonetary exchange as a reciprocal transfer between a company and another entity, resulting in the company acquiring nonmonetary assets or services or satisfying liabilities by surrendering other nonmonetary assets or services or incurring other obligations. * Assets Acquired by Exchange of Other Assets The general exchange principle is that the cost of a nonmonetary asset acquired in exchange for another nonmonetary asset is the fair value of the asset surrendered. 国际上通行的做法是，以换出资产的公允价值或换入资产的公允价值中较为可靠者为基础确定非货币资产交换取得的固定资产的账面价值。换出资产的账面价值与确定的公允价值比较的差额，作为非货币性交易业务的利得或损失予以确认。 * Assets Acquired by Exchange of Other Assets Companies should recognize immediately any gains or losses on the exchange. The rationale for immediate recognition is that most transactions have commercial substance, and therefore gains and losses should be recognized. That is , if the two parties’ economic positions change, the transaction has commercial substance. * 企业发生的非货币性资产交换，符合下列条件之一的，视为具有商业实质： 换入资产的未来现金流量在风险、时间和金额方面与换出资产显著不同； 存货换入设备（风险、金额相同，时间不同） 公寓楼交换（时间、金额相同，风险不同） 商标权换入专利技术（风险、时间相同，金额不同） 2.换入资产与换出资产的预计未来现金流量现值不同，且其差额与换入资产和换出资产的公允价值相比是重大的。 * Assets Acquired by Exchange of Other Assets Dissimilar Company A Company B Cost $100,000 Accum. depr. 54,000 Fair value 40,000 Cost $60,000 Accum. depr. 32,000 Fair value 40,000 * Assets Acquired by Exchange of Other Assets Dissimilar Company A Cost $100,000 Accum. depr. 54,000 Fair value 40,000 Equipment 40,000 Accum. depr. 54,000 Loss 6,000 Building 100,000 Cost $40