Which of the following statements about goodwill is incorrect? It's not possible for a buyer to acquire goodwill without also acquiring the whole company or a portion of it. O Goodwill represents the unique value of a company as a whole over and above its identifiable tangible and intangible assets. Goodwill can emerge from a company's favorable business location Goodwill should be amortized in a systematic and rational manner. Foreman Mining purchased land containing a copper deposit for $2,540,000 on January 1, 2021. The company expects to mine 720,000 tons of copper over the next 10 years, and the land is expected to have a residual value of $1,424,000. The actual quantity of copper mined in each of the ten years is 75,000 tons. What is the depletion attributed to copper inventory in the last year of the mine's service life, assuming the company uses the units-of-production method? $111,600 $69,750 $88,790 $116,250 Activate Windows