Check if these are right

Goodwill is recognized when the purchase price for a company is greater than the fair value of the acquired company's identifiable net assets. True False Question 2 (1 point) Saved Goodwill is an intangible asset that can only be recognized in cases when one business purchases another business. True False Question 3 (1 point) Saved Intangible assets that have an indefinite life are not amortized over time, and do not need to be tested for impairment. True False Question 4 (1 point) Saved The accounting treatment for purchased intangible assets and internally developed intangible assets is generally quite similar. True False Question 5 (1 point) Saved Research and development expenditures reduce net income in the period in which they are incurred. True False