Write one page for each of the questions
1. ASC 835 discusses, inter-alia, the treatment of capitalized interest. Â Identify an alternative treatment of interest incurred in connection with asset acquisition transactions. Â Discuss whether and why the GAAP treatment is superior (or inferior) to theÂ alternative treatment you have identified. Â
2. Identify the nature of Goodwill. Â How does self-generated Goodwill differ in economic substance from Acquired Goodwill? Â Identify the GAAP treatment of Goodwill. Â Propose an alternative treatment of Goodwill. Â Identify whether and why the alternative treatment is superior (or inferior) to the GAAP treatment.