Which of the Following Is Not True

Which of the following is not true?

A) For accounting purposes, goodwill arises only when a firm acquires another entity in an external market transaction and pays more for that entity than the fair value of the identifiable assets net of identifiable liabilities.
B) Goodwill is the excess of the amount paid for the acquired company over the fair value of identifiable net assets.
C) Goodwill, because it includes unidentifiable intangible resources, has an indefinite life.
D) Indefinite does not mean infinite, only not knowable.
E) Firms amortize goodwill.