Question 2 Which of the following statements are correct: i. Goodwill is measured directly by reference to the market value of goodwill. ii. Gain on bargain purchase is recognised in other comprehensive income. iii. Goodwill is an unidentifiable asset. iv. Only acquired goodwill is recognised. v. Goodwill is amortised over its useful life. vi. Gain on bargain purchase and goodwill can be recognised simultaneously. a. iii and iv b. ii, iv and vi ii and v d. e. i, ii and iv C. none