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in this video Iamp;#39;m going to talk about how to account for an exchange of non-monetary assets when the transaction lacks commercial substance or when you canamp;#39;t determine the fair value of the non-monetary assets so if you remember from previous videos our general rule of thumb was that weamp;#39;re gonna record the asset received a fair market value and then book again or a loss but if we donamp;#39;t know what the fair market value is then obviously we canamp;#39;t use the fair market value to do this and so weamp;#39;re gonna do an alternative method where weamp;#39;re actually going to bring the new asset in at the book value of the old asset adjusting for any cash so also we do the same method if thereamp;#39;s no commercial substance to the transaction and commercial substances is kind of a tricky issue the main idea is that by doing this transaction there should be some change in the underlying cash flows for the firm so if the firm decides to trade one truck