Turbo LLC has made an exchange of assets with Autojet LLC. Turbo LLC received equipment with model no: 5M892020 and in return it gave off an equipment with model number: 45P2019 if the acquired asset...

Extracted text: Turbo LLC has made an exchange of assets with Autojet LLC. Turbo LLC received equipment with model no: 5M892020 and in return it gave off an equipment with model number: 45P2019 if the acquired asset cannot be valued, as an IAS student how would you show accounting treatment the asset acquired? I The residual value is used I. The cost of the asset given up is used III. The asset cannot be capitalized IV. The difference amount of both assets is used I or IV only Il only II or IV only III only 0343P T-TI/-W-T EN