Which of the following statements in regard to goodwill is/are correct in accordance with AASB 136 Impairment of Assets? Goodwill may be amortised when it has a finite life. Goodwill is subjected to impairment testing every three years. Upward revaluation of goodwill is permitted as long as its a reversal of prior years impairment losses. None of the given statements is correct Which of the following statements in regard to goodwill is/are correct in accordance with AASB 136 Impairment of Assets? Goodwill may be amortised when it has a finite life. Goodwill is subjected to impairment testing every three years. Upward revaluation of goodwill is permitted as long as its a reversal of prior years impairment losses. None of the given statements is correct