ACC 304 All Assignments ACC 304 All Assignments | Page 217

d. not be amortized.
47.
The intangible asset goodwill may be
a. capitalized only when purchased.
b. capitalized either when purchased or created internally.
c. capitalized only when created internally.
d. written off directly to retained earnings.
48. A loss on impairment of an intangible asset is the difference
between the asset’s
a. carrying amount and the expected future net cash flows.