Company A buys 100% of the shares of Company B for 800. The book value of Company B is 500. At the date of acquisition, Company B had developed internally a brand name that has a fair value of 100. Which of the following statements regarding the consolidated financial statements is correct:

- The goodwill of this acquisition is 300 - When accounting for Company B the full consolidation method has to be applied - Since the brand name is internally generated it cannot be accounted for - If the brand name is accounted for, it is mandatory in IFRS to depreciate (amortize) the brand name over its useful life