ABC IncEngages in a Non-Cash Exchange with a Third Party Whereby

ABC Inc.engages in a non-cash exchange with a third party whereby ABC Inc.issues common shares to the third party in exchange for some highly specialized Machinery & Equipment.The value of the shares issued was $15,000 while the appraised value of the Machinery & Equipment was $12,000.At what amount would this transaction be valued on ABC's books?

A) $12,000 under IFRS and $15,000 under ASPE.
B) $15,000 under IFRS and $12,000 under ASPE.
C) $12,000 under either ASPE or IFRS.
D) $15,000 under either ASPE or IFRS.