1. Compare and contrast the tax and financial accounting treatment of goodwill. Are taxpayers allowed to deduct amounts associated with self-created goodwill?
2. Compare and contrast the similarities and differences between organizational expenditures and start-up costs for tax purposes.
3. Discuss the method used to determine the amount of organizational expenditures or start-up costs that may be immediately expensed in the year a taxpayer begins business.
4. Explain the amortization convention applicable to intangible assets.
5. Compare and contrast the recovery periods of §197 intangibles, organizational expenditures, start-up costs, and research and experimentation expenses.
6. Compare and contrast the cost and percentage depletion methods for recovering the costs of natural resources. What are the similarities and differences between the two methods?
7. Explain why percentage depletion has been referred to as a government subsidy.