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What is fair yalue of an astet? Criterity explain the valuation techaiques can be used to determine the fair value as asset. eolmesed as goodwien What are the arguments for and against this practice? Do you agree with this rulet whyt A. What is 'Fair value' of an asset? - What ase the argumests for and apainst this peactice? Do you agree with this rule? Why? a) What is fair value of an asset? b) Cistically explain the valuation techniques can be used to determine the fais value c) II Internally generated goodwill is not allowed to be recognised in acceunting valuation, Whereas the evcess of acquisition price over fair value of assets in a takever is allowed to be recognised as goodwill: - What are the arguments for and against the practice? Do you agies with this full? why