16. Goodwill should be recorded in the accounting records only when" (1 Point) it is acquired through the purchase of another business entity. it is purchased from another company it can be established that a definite benefit or advantage has resulted to a firm from some item such as a good name, capable staff, or reputation a firm reports above normal earnings for five or more consecutive years 17. Donated equipment for which the fair value has been determined should be recorded as a debit to the appropriate equipment account and a credit to (1 Point) Other Income Revenue or Gain O Capital Stuck Otained Earings