According to IFRS 3/AASB 3 Purchased Goodwill

Multiple Choice

According to IFRS 3/AASB 3 purchased goodwill:

A) should be written off immediately on recognition.
B) should be written off by a systematic charge against profits using the straight-line method, over a period not exceeding 20 years.
C) should remain in the accounts at cost less any accumulated impairment losses.
D) should be written off over the useful life of the asset.