22) Goodwill should be recorded as an asset at the time of purchase of another company. The amount of the goodwill is the excess of the cost over the fair value of the identifiable net assets purchased. Internally generated goodwill should be recorded as research and development cost as incurred. (True/False) 23) Depreciation expense, amortization expense of an indefinite life intangible, start-up costs, advertising costs and research and development costs are all expenses shown on an income statement. (True/False)