Evaluate the following statements:Accounting for goodwill makes no sense.If a firm generates goodwill internally, the costs are written off as expenses, and no related asset appears on the balance sheet. If, on the other hand, a firm purchases goodwill by acquiring another firm, the amount paid for goodwill is reported as an asset. How is an analyst supposed to make comparisons given these rules? Wouldn’t it be more sensible to make all firms write off goodwill immediately? P-968