A major airline manufacturer was found to be in violation of FAA safety rules and was forced to install additional safety devices in each of its planes within six months. The airline company projects the cost of this upgrade to be several million dollars, consisting of lost profits while the planes are on the ground, labor costs, and the cost of parts. In addition, the airline spent $100,000 on attorney's fees in an unsuccessful fight to have the requirement waived. The CFO of the company wishes to know whether any or all of these costs can be deducted.
a. What relevant primary authority did you locate?
b. Does the authority adequately address the research question(s)? If so, what are your conclusions and reasoning upon which they are based?
c. Were there additional questions that required research beyond a reference service?
d. What resources did you use in your research?
e. How much time did you spend on this portion of your research?