When unrelated parties agree to an exchange of noncash properties, the economic presumption is that the properties are of equal value.

Name: When unrelated parties agree to an exchange of noncash properties, the economic presumption is that the properties are of equal value.
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Quizplus · Accepted Answer

This is known as the "arm's length transaction" principle and is based on the assumption that each party is acting in their own best interest and would only agree to an exchange if they believed the properties were of equal value.

When Unrelated Parties Agree to an Exchange of Noncash Properties