The principle that is used to measure the amount assets are to be recorded at when exchanged is called the principle.

The principle that is used to measure the amount assets are to be recorded at when exchanged is called the cost principle. The cost principle is an accounting principle that requires the financial statement information to be based on actual costs and assets and services to be recorded.

Cost principle. Even if values rise after the exchange, the cost at the time of the exchange is still used.