1a) The term net identifiable assets means: a. All assets except goodwill, minus all liabilities. b. All assets except goodwill, plus all liabilities. All assets except intangibles, minus c. all liabilities. d. All fixed assets less liabilities. 1b) Which depreciation method is most commonly used among publicly owned corporations? a. Straight-line b. Double-declining balance c. Units-of-output d. All of the various depreciation methods are used equally 1c) Goodwill is recorded when a business entity is purchased at a price lower than the fair value of its net identifiable assets. True False