Intangibles and Research and Development Cost, accounting homework help

In short answer, Compare and contrast the write-off methods for limited-life intangibles andindefinite-life intangibles. Suggest one (1) way in which a company coulddecrease the likelihood of recording a write-off of long-lived assets.Imagine that you are the senior accountant at your organization, andmanagement is unsure of what the generally accepted accounting principles arefor recognizing research and development cost. Explain to management whatqualifies as research and development cost, and infer the major impact thatresearch and development cost has on the financial statements. Recommend tomanagement whether the company should conduct its own research and developmentor hire a research and development firm. Justify your rationale.