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of <h1>How to value supplies with non-monetary consideration: hierarchy using open market value, monetary sum, or like-kind value</h1> Where consideration for a supply is not wholly monetary, its value is determined first by open market value; if that is unavailable, by the sum of monetary consideration plus the monetary equivalent of non-monetary consideration known at the time of supply; if still not determinable, by the value of supplies of like kind and quality; and if none of these apply, by the sum of monetary consideration plus the equivalent of non-monetary consideration as determined under specified rules. Examples include a traded-in phone raising the open market value and a supplied laptop plus a known-value printer totaling combined value.
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