What is the difference in the treatment of internally generated goodwill from the purchased goodwill under AASB 138?
A. Purchased goodwill is not amortised; whereas, internally generated goodwill can be amortised over a period of 10 years.
B. Purchased goodwill may be recorded as an asset, whereas internally generated goodwill may not.
C. Purchased goodwill can be amortised over a period of 10 years; whereas, internally generated goodwill is recognised as an asset which cannot be amortised.
D. Purchased goodwill is to be expensed in the period it is bought, whereas internally generated goodwill is to be deferred and amortised over a period of no less than 20 years.
E. None of the above.