A) Explain the three main characteristics of intangible assets. Is goodwill an intangible asset? Why, or why not? Explain. B) Tancouver Inc. is considering purchasing the net assets of Victoria Corporation. Following is the statement of financial position of Victoria Corporation as at December 31, 2020. VICTORIA CORPORATION Statement of Financial Position As at December 31, 2020 Current assets Buildings and equipment Accumulated amortization Land Total assets Current liabilities Common shares Retained earnings Total liabilities and equity S 231,400 753.000 (113,000) 173.000 S 1,044.400 S 187,000 577,000 280,400 S 1,044,400 Following are the fair values of Victoria's net assets as at December 31, 2020. Current assets Buildings and equipment Land Current liabilities S 225,500 482,600 313,500 (166,300) S 855,300 Following are the fair values of Victoria's net assets as at December 31, 2020. Current assets Buildings and equipment Land Current liabilities $ 225.500 482.600 313.500 (166.300) S 855.300 Instructions: Calculate the value of goodwill that would be recorded by Vancouver if it offered S 2,060,300 for the net assets of Victoria Corporation