Whether recognized or unrecognized in an entity’s financial
statements, disclosure of the fair values of the entity’s financial
instruments is required when

(a) Entities must disclose the fair market value of financial
instruments, both assets and liabilities whether recognized or
not recognized in the statement of financial position, for which it
is practicable to estimate fair value. Pertinent descriptive information
as to the fair value of the instrument is to be disclosed if
an estimate of fair value cannot be made without incurring excessive
costs.