Do non-monetary assets take on the historical cost of the pa

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Do non-monetary assets take on the historical cost of the parent of subsidiary? Do non-monetary assets fluctuate resulting in gains / losses?

This is a very controversial area, with differences of opinion among professionals. Some believe that the nonmonetary assets should be recognized at their fair market value on the date acquired, or on the date of exchange, and others believe that all nonmonetary assets should be recognized strictly at ...