Ask a question about the exchange of non monetary assets

First of all, to be clear, monetary assets are money.

For example, if I exchange a corn for a sausage, the corn is worth 1 and the sausage is worth 5. In order to close this deal, I have to pay you another 4 bucks, and the deal is done.

Here, the party paying the premium is me.

The monetary asset as a boot is $4.

Swap in assets are sausages.

The consideration for the surrender of the asset is the total price, which is my corn plus 4 dollars.

Then the original sentence can be translated.

In cases where additional money is required, for me, the four dollars I pay form part of the total price I pay to get the sausages.

Note: Premium paid in the formula = bank deposit paid - VAT proceed tax amount + VAT output tax amount. The relevant taxes paid here refer to the relevant taxes paid for the exchange of assets, not the exchange of assets.

As we know from the above, the premium paid does not include the VAT on the difference between purchase and sales. Applied to this question, that is, premium paid = difference between purchase and sale of VAT on bank deposits paid.

Therefore, the book value of the assets exchanged by Company A = 45 + 30 + 20 = 95.

The exchange of non-monetary assets refers to the exchange of non-delayed monetary assets such as fixed assets, intangible assets and long-term equity investments between the two parties to the transaction, and the exchange generally does not involve monetary assets, or only involves a small amount of monetary assets, i.e., premium. Its characteristics are as follows:

1.The transaction objects of non-monetary asset exchange are mainly non-monetary assets;

2.The exchange of non-monetary assets is the act of exchanging non-monetary assets.

3.Non-monetary assets generally do not involve monetary assets, but sometimes a small amount of monetary assets may also be involved.

The exchange of non-monetary assets refers to the exchange of non-monetary assets such as fixed assets, intangible assets and long-term equity investments, which generally does not involve monetary assets, or only involves a small amount of monetary assets, i.e., premium.

Its characteristics are as follows:

1.The transaction objects of non-monetary asset exchange are mainly non-monetary assets;

2.The exchange of non-monetary assets is the act of exchanging non-monetary assets;

3.The exchange of non-monetary assets generally does not involve monetary assets, but sometimes a small amount of monetary assets may also be involved.

Accounting Standard for Business Enterprises No. 7 - Exchange of Non-Monetary Assets (hereinafter referred to as the Standard for the Exchange of Non-Monetary Assets) focuses on the determination of the cost of assets exchanged for non-monetary assets and the recognition of gains and losses arising from asset exchange.

Non-monetary assets refer to assets other than monetary assets, including inventories, fixed assets, intangible assets, equity investments and bond investments that are not intended to be held to maturity.

The exchange of non-monetary assets refers to the exchange of non-monetary assets such as inventory, fixed assets, intangible assets and long-term equity investments, which generally does not involve monetary assets, or only involves a small amount of monetary assets, i.e., premium.

Is it because there is a price difference?