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QUESTION 19 AASB 138 distinguishes between internally generated and externally acquired Goodwill because: Internally generated goodwill is developed in order to be separately sold and
QUESTION 19 AASB 138 distinguishes between internally generated and externally acquired Goodwill because: Internally generated goodwill is developed in order to be separately sold and will be recorded as income. Externally acquired Goodwill cannot be reliably measured must be expensed immediately. The two different sources of goodwill result in two different types of assets. Internally generated goodwill cannot be reliably measured and must not be recorded as an asset
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