The cost of a patent should be amortized over its:

50 years.

The life of the creator plus 50 years.

The life of the creator plus 40 years.

The number of years that benefits are expected to be received.

2.

Goodwill is the excess of cost over:

Book value of the identifiable net assets acquired.

Book value of the tangible net assets acquired.

Fair value of the identifiable net assets acquired.

Fair value of the tangible net assets acquired.