Goodwill is
A)amortized similar to other intangibles.
B)only written down if an impairment in value occurs.
C)charged to expense immediately.
D)amortized over 40 years or its economic life,whichever is shorter.

Question

Quizplus · Accepted Answer

Goodwill is only written down if there is an impairment in value which means the value of the asset has decreased and is lower than its recorded value. Goodwill is not amortized, charged to expense immediately, or amortized over a fixed period of time.

Goodwill Is