Book Value Fair Value ($ 000) ($ 000) Accounts receivable $ 950 $ 900 Revenue in excess of billing $ 700 $ 700 Property and equipment, net $ 4,000 $ 3,800 TOTAL ASSETS Current liabilities Shareholders' Equity TOTAL LIABILITIES AND EQUITIES $ 5,650 $ 300 $ 300 $ 5,350 $ 5,650 ESY also owned certain intangible assets that were NOT recognized on their balance sheet at the acquisition date. The table below provides their fair values and remaining useful lives as of March 31, 2008: Customer relationships Non-compete agreements Trade name TOTAL FAIR VALUE Fair Value ($ 000) Useful Life (Years) $ 1,400 8 $ 600 5 $ 200 indefinite $ 2,200