When the fair value of the asset received in a nonmonetary exchange is more clearly evident than the fair value of the asset(s)given up,the fair value of the asset received is used as the new cost base of the asset.

Nonmonetary Exchange

Transactions in which businesses or individuals trade goods or services without the use of money or monetary units.

Fair Value

Fair value is the estimated price at which an asset or liability could be traded in a fair and open market transaction, reflecting its current market value.

Cost Base

The total amount of investment in an asset, used for tax purposes to determine capital gains or losses upon disposal.