The difference between goodwill and identifiable intangible assets is:
A) goodwill does not decline in value
B) goodwill cannot be separately identified
C) the cost of goodwill fails to meet the asset recognition criteria
D) all are differences between goodwill and identifiable intangible assets

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that cannot be separately identified, whereas identifiable intangible assets can be specifically identified and recognized separately from goodwill.

The Difference Between Goodwill and Identifiable Intangible Assets Is