Mr. and Mrs. Carleton founded Carleton Industries in 1993. This year, an independent appraiser placed a $25 million value on Carleton's business; $5 million of the value was attributable to unrecorded goodwill. Which of the following statements istrue?

Mr. and Mrs. Carleton are allowed to amortize the $5 million value of their business goodwill over 15 years.Mr. and Mrs. Carleton have a zero tax basis in their business goodwill.Mr. and Mrs. Carleton cannot amortize the $5 million value of their business goodwill because it is an intangible asset with an indeterminable life.None of the above is true.