Goodwill may be recorded when a. it is identified within a company. b. one company acquires another in a business combination. c. the fair value of a company's assets exceeds their cost. d. a company has exceptional customer relations. 0.25 points Question 10 The same recoverability test that is used for impairments of property, plant, and equipment is used for impairments of indefinite-life intangibles. True False 0.25 points Question 11 Contra accounts must be reported for intangible assets in a manner similar to accumulated depreciation and property, plant, and equipment. True False 0.25 points Question 12 The carrying amount of an intangible is a. the fair value of the asset at a balance sheet date. b. the asset's acquisition cost less the total related amortization recorded to date. c. equal to the balance of the related accumulated amortization account. d. the assessed value of the asset for intangible tax purposes