Zif Software is a firm with significant research and development expenses. In the most recent year, the firm had $100 million in research and development expenses. R&D expenses are amortizable over 5 years and the R& D expenses over the last 5 years are as follows:

Year R&D expenses -5 $ 50 million 30 -4 $ 60 million -3 $ 70 million -2 $ 80 million -1 $ 90 million Current year $ 100 million.

Assuming a linear amortization schedule (over 5 years), estimate a. the value of the research asset.

b. the amount of R&D amortization this year.

c. the adjustment to operating income.