Response to the following questions:
1. At what amount does a company record the cost of a nonmonetary asset acquired in exchange for another nonmonetary asset?
2. How much does a company recognize as a gain or loss when it exchanges nonmonetary assets?
3. Under what conditions does a company capitalize the interest incurred during self-construction of an asset? Contrast your answer with accounting for interest on a note payable that is not associated with the construction of an asset.
If possible, please give examples to better understand your response.