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ACCT 305 DeVry Week 1 Discussion 1 Operational Assets
Let’s begin by defining operational assets and identifying what they are used for in a business. Also, how do operational assets differ from other types of assets? It can be helpful to think of a
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Let’s begin by defining operational assets and identifying what they are used for in a business. Also, how do operational assets differ from other types of assets? It can be helpful to think of an operational asset that you might have seen at your job or a business you have visited.
ACCT 305 DeVry Week 1 Discussion 2 Disposition and Exchanges
How is a disposition and exchange defined? What are some ways that companies dispose of assets? What are some reasons that companies dispose of assets?
ACCT 305 DeVry Week 2 Discussion 1 Intangible Assets
We introduced intangible assets last week, and this week we will study them in more detail. Please define and describe in detail the term intangible asset. What major characteristics differentiate intangible assets from other assets? How is the useful life determined for intangibles?
ACCT 305 DeVry Week 2 Discussion 2 Research and Development Costs
This topic will cover research and development (R & D) costs and how they are accounted for according to GAAP. Please define R & D costs and explain how these are presented in the financial statements of a company.
ACCT 305 DeVry Week 3 Discussion 1 Cost Allocation and Measurement
Please define cost allocation for operational assets. What are the various time-based and activity-based methods used to allocate these costs? How does cost allocation differ for fixed assets, intangible assets, and natural resources?
ACCT 305 DeVry Week 3 Discussion 2 Impairment of Operational Assets
What is impairment of operational assets? How do we determine whether an impairment exists? How do we calculate the impairment loss? Goodwill impairment has special accounting rules. How does an impairment of goodwill differ from impairments associated with other intangible assets?
ACCT 305 DeVry Week 4 Discussion 1 Investment Securities
Based upon what you have read in your e-book and lesson, including the Becker material, identify the categories of debt and equity securities, and describe the accounting and reporting treatment for each category. How do debt and equity securities differ? Describe how the various levels of ownership impact how companies account for investments.
ACCT 305 DeVry Week 4 Discussion 2 SFAS 115
What are the three categories of SFAS 115? How are they determined? How do we treat unrealized gains and losses under each method? How are the unrealized gains and losses reported?
ACCT 305 DeVry Week 5 Discussion 1 Contingent Liabilities
Define contingent liability. What is the criteria to determine whether or not to report the contingency on financial statements? What supporting documentation is required? Please provide a detailed example of a contingent liability.
ACCT 305 DeVry Week 5 Discussion 2 Current Liabilities
Please identify a type of current liability. For the current liability you select, please identify the general rule on reporting the current liability on the financial statement.
ACCT 305 DeVry Week 6 Discussion 1 Bonds and Notes Payable
Let's discuss the differences between bonds and notes payable. How do we account for bonds when they are issued at par, at a premium, and at a discount? What are the required disclosures for notes and bonds payable?
ACCT 305 DeVry Week 6 Discussion 2 Bond Features
Reflect on the materials you have reviewed for this week, including your e-book, lesson, and Becker material. What are the key features of bonds? Let's also discuss some of the different types of bonds. What are debenture bonds or collateralized bonds? What are callable bonds and what are convertible bonds? How are they accounted for?
ACCT 305 DeVry Week 7 Discussion 1 Capital Lease
Please define a capital lease. What is the criteria to categorize a lease as a capital lease? Which financial statements are impacted upon the determination that a lease is a capital lease?
ACCT 305 DeVry Week 7 Discussion 2 Operating Versus Capital Leases
Please define an operating lease. How is an operating lease different than a capital lease? Which financial statements are impacted on the determination that a lease is an operating lease?
ACCT 305 DeVry Week 1 Homework Latest
Exercises E10-1, E10-8, E10-14, and E10-18. Please submit completed homework in Excel to the Dropbox by Sunday at 11:59 p.m. MT.
Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these
ACCT 305 DeVry Week 2 Homework Latest
Exercises E10-5, E10-6, E10-7, and E10-26.
Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox
ACCT 305 DeVry Week 3 Homework Latest
Exercises E11-1, E11-6, E11-11, E11-14, and E11-20
Brief Exercises BE11-10 and BE11-16
ACCT 305 DeVry Week 4 Homework Latest
Exercises E12-1, E12-5, E12-8, and E12-14
ACCT 305 DeVry Week 5 Homework Latest
Exercises E13-1, E13-7, E13-15, E13-17, and E13-21
Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these.equella.ecollege.com/file/8ff9f27a-3772-48cf-9855-4bec4e6706bf/1/Dropbox.html">step-by-step instructions.
ACCT 305 DeVry Week 6 Homework Latest
Exercises E14-2, E14-3, E14-5, E 14-7, and E14-17
ACCT 305 DeVry Week 7 Homework Latest
Exercises E15-1, E15-3, E15-4, E15-5, and E15-8
ACCT 305 DeVry Week 1 Quiz Latest
Question 1. 1.(TCO 1) The acquisition costs of property, plant, and equipment do not include (Points : 4)
the ordinary and necessary costs to bring the asset to its desired condition and location for use.
the net invoice price.
legal fees, delivery charges, installation, and any applicable sales tax.
maintenance costs during the first 30 days of use.
Question 2. 2.(TCO 1) Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be which of the following?
None of the above
(Points : 4)
Question 3. 3.(TCO 3) The basic principle used to value an asset acquired in a nonmonetary exchange is to value it at (Points : 4)
fair value of the asset(s) given up.
the book value of the asset given plus any cash or other monetary consideration received.
fair value or book value, whichever is smaller.
the book value of the asset given.
Question 4. 4.(TCO 1) Interest may be capitalized (Points : 4)
on routinely manufactured goods as well as self-constructed assets.
on self-constructed assets from the date an entity formally adopts a plan to build a discrete project.
whether or not there is specific borrowing for the construction.
whether or not there are actual interest costs incurred.
Question 5. 5.(TCO 3) Alamos Co. exchanged equipment and $18,000 cash for similar equipment. The book value and the fair value of the old equipment were $82,000 and $90,000, respectively. Assuming that the exchange has commercial substance, Alamos would record a gain/(loss) of (Points : 4)
ACCT 305 DeVry Week 2 Quiz Latest
Operational Assets—Intangibles and Research/Development - Quiz 1.
1. (TCO 2) An exclusive 20-year right to manufacture a product or use a process is a (Points : 4)
2. (TCO 2) Our company purchased all of the outstanding stock of another company, paying $2,700,000 cash. Our company assumed all of the liabilities of other company. Book values and fair values of acquired assets and liabilities were as follows.
Book Value Fair Value
Current assets, net $ 420,000 $ 450,000
Property, plant and equipment, net $ 1,600,000 $ 2,250,000
Liabilities $ 500,000 $ 600,000
Our company would record goodwill of (Points : 4)
3. (TCO 2) Software development costs are capitalized if they are incurred (Points : 4)
prior to the point at which technological feasibility has been established.
after commercial production has begun.
after technological feasibility has been established but prior to the product availability date.
4. (TCO 2) Under U.S. GAAP, research expenditures are (Points : 4)
expensed in the period incurred.
expensed in the period they are determined to be unsuccessful.
capitalized if certain criteria are met.
expensed if unsuccessful, capitalized if successful.
5. (TCO 2) Goodwill has (Points : 4)
a life of 70 years.
an indefinite life.
a life of 20 years.
a life of 40 years.
ACCT 305 DeVry Week 3 Quiz Latest
Question 1. 1. (TCO 4) Which depreciation method multiplies a constant base by a declining fraction? (Points : 4)
Double declining balance
Composite or group
Question 2. 2. (TCO 4) Amortization refers to the cost allocation for (Points : 4)
a silver mine.
Question 3. 3. (TCO 4) The factors that need to be determined to compute depreciation are an asset's (Points : 4)
cost, residual value, and physical life.
cost, replacement value, and service life.
fair value, residual value, and economic life.
cost, residual value, and service life.
Question 4. 4. (TCO 4) Cutter Enterprises purchased equipment for $72,000 on January 1, 2011. The equipment is expected to have a 5-year life and a residual value of $6,000. Using the straight-line method, the book value at December 31, 2011 would be (Points : 4)
Question 5. 5. (TCO 4) Accounting for a change in the estimated service life of equipment (Points : 4)
is handled prospectively.
requires retroactive restatement of the prior year's financial statements.
requires a prior period adjustment.
is a cumulative adjustment to income in the current year for the difference in depreciation under the new versus old estimates.
ACCT 305 DeVry Week 7 Quiz Latest
Question 1.1.(TCO 8) For the lessee to account for a lease as a capital lease, the lease must meet (Points : 4)
all four of the criteria specified by GAAP regarding accounting for leases.
any one of the six criteria specified by GAAP regarding accounting for leases.
any two of the criteria specified by GAAP regarding accounting for leases.
any one of the four criteria specified by GAAP regarding accounting for leases.
Question 2.2.(TCO 8) From the perspective of the lessee, leases may be classified as either (Points : 4)
direct-financing or sales-type.
capital or direct-financing.
capital or operating.
direct-financing or operating.
Question 3.3.(TCO 8) One of the four criteria for a capital lease specifies that the lease term be equal to or greater than (Points : 4)
75% of the expected economic life of the leased property.
90% of the expected economic life of the leased property.
80% of the expected economic life of the leased property.
50% of the expected economic life of the leased property.
Question 4.4.(TCO 8) On February 1, 2011, our company became the lessee of equipment under a five-year, no cancelable lease. The estimated economic life of the equipment is eight years. The fair value of the equipment was $600,000. The lease does not meet the definition of a capital lease in terms of a bargain purchase option, transfer of title, or the lease term. However, we must classify this as a capital lease if the present value of the minimum lease payments is at least (Points : 4)
Question 5.5.(TCO 8) Which of the following would a lessee not record in connection with a lease? (Points : 4)
ACCT 305 DeVry Week 6 Course Project Latest
Objective: To analyze the financial statements of a publicly traded company
Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment, intangible assets, and long-term debt on its balance sheet. Using techniques you have learned in the previous weeks, respond to the following questions.
1. What is the amount of property and equipment on the balance sheet for the two most recent years? What is the amount of accumulated depreciation and the depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment? What amounts are permitted for inclusion in the capitalized cost of property and equipment?
2. Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment?
3. Does the company have intangible assets? If so, what are the types of intangible assets (patent, copyrights, etc.) and their amounts? What is the amount of accumulated amortization and amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets?
4. Does the company have goodwill? What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired.
5. What are the company's depreciation methods? What is the range of estimated useful lives used for depreciating its assets? Does the company use the same depreciation methods for financial statements and tax returns? If not, please describe the methods used for tax purposes.
6. What are the company's footnote disclosures relating to impairment? Please also describe how to determine whether an impairment exists and how to calculate the impairment loss.
7. What are the amounts and descriptions of the company's current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe them. Does the company have any subsequent events disclosed in its footnotes? If so, please describe them.
8. What are the amounts and descriptions for all of the company's long-term liabilities on its balance sheet for the two most recent years? What is the interest expense for the two most recent years? What amounts are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the most recent year? For each note payable discussed in the footnotes disclosures, what is the interest rate, total amount borrowed, and maturity date?
9. Does the company have bonds payable? If so, what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized? What is the effective interest method?
10. Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a sales-type lease and a direct-financing lease?
Papers must be 7 to 10 pages in length. Use a 12-point font, with double spacing, and include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited.
Even though this is not a scientific-type writing assignment, references are still very important. At least three authoritative, outside references are required (articles and web pages with anonymous authors are not acceptable). These should be listed on the Works Cited page.
Appropriate citation is required.
All DeVry University policies are in effect, including the plagiarism policy.
Papers are due on Sunday of Week 6 of this course.
Any questions about this paper can be discussed in the weekly Q & A Forum.
This paper is worth 125 total points and will be graded on quality of research topic, quality of paper information, use of citations, grammar, and sentence structure.
The following are best practices in preparing this paper.
Cover page: Include whom you prepared the paper for, who prepared it, and the date.
Table of contents: List the main ideas and sections of the paper and the pages where they are located. Illustrations should be included separately.
Introduction: Use a header on your paper. This will indicate that you are introducing the paper. The purpose of an introduction or opening is to
1. introduce the subject and why the subject is important;
2. preview the main ideas and the order in which they will be covered; and
3. establish the tone of the document.
Include in the introduction a reason for the audience to read the paper. Also include an overview of what you will cover and the importance of the material. (This should include or introduce the questions you are asked to answer in each assignment.)
Body of the report: Use a header with the name of the project. An example is, "The Development of Hotel X: A World Class Resort." Proceed to break out the main ideas: State the main ideas, give the major points of each idea, and provide evidence. Show some type of division, such as separate, labeled sections; separate groups of paragraphs; or headers. Include the information you found during your research and investigation.
Summary and Conclusion: Summarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and the major support points from the body of the report; minor details are left out. Summarize the benefits of the ideas and how they affect the subject.
Works cited: Use the citation format specified in the Syllabus.
Additional hints on preparing the best possible project follow.
1. Apply a three-step process to writing: plan, write, and complete.
2. Prepare an outline of the research paper before going forward.
3. Complete a first draft and then go back to edit, evaluate, and make any changes required.
4. Use visual communication to further clarify and support the written part of the report. Examples include graphs, diagrams, photographs, flowcharts, maps, drawings, animation, video clips, pictograms, tables, and Gantt charts.
ACCT 305 DeVry Midterm Exam Latest
Question 1. 1. (TCO 1) Productive assets that are physically consumed in operations are (Points : 5)
Question 2. 2. (TCO 3) Our company exchanged land and cash of $5,000 for similar land. The book value and the fair value of the land were $90,000 and $100,000, respectively. Assuming the exchange lacks commercial substance, which amount is correct? (Points : 5)
Debit Cash $5,000
Debit Cash $10,000
Credit Cash $5,000
Credit Cash $10,000
Question 3. 3. (TCO 2) The exclusive right to benefit from a creative work, such as a film, is a (Points : 5)
Question 4. 4. (TCO 4) Depreciation (Points : 5)
is always considered a period cost.
is usually based on the declining-balance method.
per books is usually higher than MACRS in the early years of an asset's life.
could be a product cost or a period cost depending on the use of the asset.
Question 5. 5. (TCO 4) On September 30, 2013, our company purchased a machine for $100,000. The estimated service life is 10 years, with a $10,000 residual value. Our company records partial-year depreciation based on the number of months in service. Depreciation for 2013 using the straight-line method is (Points : 5)
Question 6. 6. (TCO 4) A change from the straight-line method to the sum-of-years'-digits method of depreciation is handled as (Points : 5)
a retrospective change back to the date of acquisition as though the current estimated life had been used all along.
a prospective change from the current year through the remainder of its useful life.
a cumulative adjustment to income in the current year for the difference in depreciation under the new versus old useful life estimate.
Question 7. 7. (TCO 5) Which of the following investment securities may be classified as held-to-maturity securities in its balance sheet? (Points : 5)
Callable preferred stock
Long-term debenture bonds
All of the above
Question 8. 8. (TCO 5) If Father Company owns 17% of the common stock of Daughter Company, then Father Company typically (Points : 5)
would record dividends received from Daughter Company as investment revenue.
would record 17% of the net income of Daughter Company as investment income each year.
would increase its investment account by 17% of Daughter Company income each year.
Question 9. 9. (TCO 4) Interest is eligible to be capitalized as part of an asset's cost, rather than being expensed immediately, when (Points : 5)
the interest is incurred during the construction period of the asset.
the asset is a discrete construction project for sale or lease.
the asset is self-constructed, rather than acquired.
Question 10. 10. (TCO 2) Software development costs are capitalized if they are incurred (Points : 5)
Question 11. 11. (TCO 4) Depreciation, depletion, and amortization (Points : 5)
all generally utilize the same methods of cost allocation.
are all handled the same in arriving at taxable income.
all refer to the process of allocating the cost of long-term assets used in the business over future periods.
Question 12. 12. (TCO 5) Unrealized gains and losses are not reported for which type of security? (Points : 5)
Question 13. 13. (TCO 1) The capitalized cost of land excludes (Points : 5)
razing old buildings.
Question 14. 14. (TCO 3) When selling property, plant, and equipment for cash (Points : 5)
the seller recognizes a gain or loss for the difference between the cash received and the fair value of the asset sold.
the seller recognizes losses but not gains.
the seller recognizes a gain or loss for the difference between the cash received and the book value of the asset sold.
Question 15. 15. (TCO 2) Research and development expense for a given period includes (Points : 5)
the full cost of newly acquired equipment that has an alternative future use.
research and development conducted on a contract basis for another entity.
depreciation on a research and development facility.
patent filing and legal costs.
Question 16. 16. (TCO 4) The factors that need to be determined to compute depreciation are an asset's (Points : 5)
Question 17. 17. (TCO 5) Securities that are purchased with the intent of selling them in the near future to take advantage of short-term price changes are classified as (Points : 5)
Question 18. 18. (TCO 5) Accumulated Other Comprehensive Income in the shareholders' equity section of the balance sheet reflects changes in the fair value of securities for which type of securities? (Points : 5)
Question 19. 19. (TCO 5) When using the equity method to account for an investment, cash dividends received by the investor from the investee should be recorded (Points : 5)
as an increase in the investment account.
as dividend income.
as a reduction in the investment account.
as a contra item to stockholders' equity.
Question 1. 1. (TCO 2) Briefly explain how R&D is reported in financial statements. (Points : 25)
Question 2. 2. (TCO 4) How is a change in depreciation method accounted for? (Points : 25)
Question 3. 3. (TCO 1) Please distinguish between tangible operational assets, intangible assets, and natural resources. Provide three examples of each. (Points : 30)
ACCT 305 DeVry Final Exam Latest
Question 1. 1. (TCO 1) The acquisition costs of property, plant, and equipment do not include (Points : 6)
Question 2. 2. (TCO 2) Under International Financial Reporting Standards, development expenditures are (Points : 6)
Question 3. 3. (TCO 2) An exclusive 20-year right to manufacture a product or use a process is a (Points : 6)
Question 4. 4. (TCO 3) Interest is eligible to be capitalized as part of an asset's cost, rather than being expensed immediately (Points : 6)
Whether or not there is specific borrowing for the construction.
Whether or not there are actual interest costs incurred.
Question 5. 5. (TCO 3) When selling property, plant, and equipment for cash (Points : 6)
Question 6. 6. (TCO 3) The legal life of a patent is (Points : 6)
the life of the author plus 50 years.
the life of the author plus 20 years.
the life of the author plus 70 years.
Question 7. 7. (TCO 4) Our company purchased equipment for $72,000 on January 1, 2011. The equipment is expected to have a five-year life and a residual value of $6,000. Using the straight-line method, depreciation for 2011 would be (Points : 6)
Question 8. 8. (TCO 4) The overriding principle for all depreciation methods is that the method must be (Points : 6)
conservative and economic.
consistent and conservative.
significant and material.
systematic and rational.
Question 9. 9. (TCO 5) Which category completely excludes equity securities? (Points : 6)
Question 10. 10. (TCO 5) Trading securities, by definition, are properly classified in the balance sheet as (Points : 6)
Question 11. 11. (TCO 5) Investments in securities available-for-sale are reported at (Points : 6)
discounted present value.
the lower of cost or market.
fair value on the reporting date.
Question 1. 1. (TCO 5) When the equity method of accounting for investments is used by the investor, the investment account is increased when (Points : 6)
a cash dividend is received from the investee.
the investor records additional depreciation related to the investment.
the investee reports a net loss for the year.
the investee reports a net income for the year.
Question 2. 2. (TCO 6) Which of the following is not a liability? (Points : 6)
A line of credit
Capital expansion fund
Estimated income taxes
Sales tax collected from customers
Question 3. 3. (TCO 6) Which of the following is not a current liability? (Points : 6)
A note payable due in two years
Accrued interest payable
Sales tax payable
Question 4. 4. (TCO 6) Which of the following is a contingency that should be accrued? (Points : 6)
The company offers a two-year warranty and the expenses can be reasonably estimated.
The company is being sued and a loss is reasonably possible and reasonably estimable.
The company deducts life insurance premiums from employees' paychecks.
It is probable that the company will receive $100,000 in settlement of a lawsuit.
Question 5. 5. (TCO 6) When a material gain contingency is probable and the amount of gain can be reasonably estimated, the gain should be (Points : 6)
reported in the income statement and disclosed.
offset against shareholders' equity.
disclosed but not recognized in the income statement.
neither recognized in the income statement nor disclosed.
Question 6. 6. (TCO 7) The interest rate that is printed on the bond certificate is not referred to as the (Points : 6)
Question 7. 7. (TCO 7) Our company issued callable bonds on January 1, 2011. The price of the bonds was $207,020, and the face value of the bonds is $200.000. Interest is paid semiannually. The cash interest payment at 6/30/2011 was $7,000. Interest expense for the 6 months ended June 30, 2011, was $6,211. Which is the annual stated interest rate on the bonds? (Points : 6)
Question 8. 8. (TCO 7) When bonds are sold at a discount and the effective interest method is used, at each subsequent interest payment date, the cash paid is (Points : 6)
less than the effective interest.
more than the effective interest.
equal to the effective interest.
more than if the bonds had been sold at a premium.
Question 9. 9. (TCO 8) For the lessee to account for a lease as a capital lease, the lease must meet (Points : 6)
Question 10. 10. (TCO 8) On December 31, 2013, our company signed a lease for some equipment having an eight-year useful life. The lease payments are made annually, beginning at the signing date. Title does not transfer to us, so the equipment will be returned to the lessor on December 31, 2020. There is no bargain purchase option. In this situation, our company (Points : 6)
is the lessee in a capital lease.
is the lessee in a sales-type lease.
is the lessor in a capital lease.
is the lessor in a sales-type lease.
Question 11. 11. (TCO 8) Recording a sales-type lease is similar to recording (Points : 6)
a purchase on account.
an exchange of assets.
a sale of merchandise on account.
a sale of a fixed asset.
Question 1. 1. (TCO 8) What are the two additional criteria for the lessor in a capital lease? How many of these criteria does the lease need to meet to be a capital lease? What happens if these criteria are not met? (Points : 30)
Question 2. 2. (TCO 6) Please identify and define the three classifications of loss contingencies. What is the appropriate accounting treatment for each category? (Points : 30)
Question 3. 3. (TCO 4) What are some examples of accelerated cost allocation methods? What is the rationale for using an accelerated method? (Points : 28)
Question 4. 4. (TCO 7) On January 1, Year 1, Acorn Financial Corp. issued 850 convertible bonds. Each $1,000 face value bond is convertible into five shares of common stock. The bonds have a 10-year term to maturity and pay interest semiannually. Acorn's common stock has a par value of $20.00 per share. The bonds have a stated interest rate of 4% and pay interest semiannually. The convertible bonds were sold for $875,500. Bond issue costs of $50,000 will be subtracted from the bond sale proceeds to be received by Acorn. The bonds were sold to yield a market interest rate of 3%. Acorn will use the effective interest method to amortize the bond discount and/or premium. Round all amounts to the nearest dollar. (Points : 30)The company offers a two-year warranty and the expenses can be reasonably estimated.
a sale of me