Question: Q1. Please provide answer in your own language do not copy paste as it can be rechecked through software by my university. a. Based on

Q1. Please provide answer in your own language do not copy paste as it can be rechecked through software by my university.

a. Based on IFRS 3, define the term goodwill, and distinguish between internally generated goodwill and goodwill acquired in a business combination?

b. Explain why is not logical to amortise purchased goodwill?

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