1) Discuss why does the accounting profession make a distinction between internally

1) Discuss why does the accounting profession make a distinction between internally created intangibles and purchased intangibles. 2) Discuss the factors to be
considered in estimating the useful life of an intangible asset. 3) What is goodwill? Discuss. And, what is negative goodwill. 4) Discuss the pattern of
amortization for a limited life intangible. 5) Explain the difference between artistic-related intangible assets and contract-related intangible assets. 6) In
examining financial statements, financial analysis often write-off goodwill immediately. Comment on this procedure.