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To: Norman Stone who wrote (658)	3/16/1998 4:42:00 PM
From: TLWatson59	Respond to of 2595

Norman: The $5 million is carried on the unaudited balance sheet as an "asset." Assets are not balanced by expenses but by expenditures; either purchases for cash or securities of one kind or another or a combination of both. The asset is then usually "depreciated" in this case ostensively by use over the network owned by Access America each time a commercial for an Araldica product is shown on air. Ordinarily assets are usually depreciated over a "usefull life" formula as outlined in various IRS publications. This applies to both hard assets such as land, buildings machinery and soft assets such as "goodwill." In the case of the Access asset, the use of air time serves the same purpose depreciation only here once the time is used there are no residuals as there would be in the case of hard assets.