Company A exchanged a factory building with a book value of 3.5 million yuan and a patent right of 1.5 million yuan for a house under construction with a book value of 3 million yuan and a long-term s

Company A exchanged a factory building with a book value of 3.5 million yuan and a patent right of 1.5 million yuan for a house under construction with a book value of 3 million yuan and a long-term stock of 1 million yuan of company B. article 6 of the accounting standards for enterprises-exchange of non-monetary assets

if the conditions stipulated in article 3 of these standards are not met at the same time (at fair value), the book value of the exchanged assets and the relevant taxes payable shall be taken as the cost of the exchanged assets, and no profit or loss shall be recognized.

Therefore, the house under construction and the long-term investment with a book value of 3 million yuan and 1 million yuan should be accounted as the total book value of the exchanged assets as the cost, that is, the total is 3.5+1.5 = 5 million yuan

Article 9 If multiple assets are exchanged for non-monetary assets at the same time, when determining the cost of each exchanged asset, the following circumstances shall be dealt with respectively:

...

Or if the fair value of the converted assets cannot be reliably measured despite commercial substance, the total cost of the converted assets shall be allocated according to the proportion of the original book value of each converted asset to the total original book value of the converted assets, and the cost of each converted asset shall be determined.

Therefore, the excess of 1 million yuan should be allocated in proportion to the total original book value of the house under construction and the long-term equity investment

Therefore, the allocation of the house under construction is: 1 * [3/(3+1)] = 75, yuan

Then the recorded value of the house under construction is: 3+75 = 75, yuan.