1. Do you agree with the FASB’s ruling that all research and development costs should be treated as an expense on the income statement? Explain. 2. Do you agree with some accountants who argue that...

1. Do you agree with the FASB’s ruling that all research and development costs should be treated as an expense on the income statement? Explain.

2. Do you agree with some accountants who argue that intangible assets have an indefinite life and therefore should not be subject to amortization? Explain.