Goodwill is not amortized, but is tested at least annually and written down to current fair value if found to be impaired, and written up to fair value if the fair value increases.

Name: Goodwill is not amortized, but is tested at least annually and written down to current fair value if found to be impaired, and written up to fair value if the fair value increases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Although goodwill is written down if impaired, it is never written up if its value increases.

Goodwill Is Not Amortized, but Is Tested at Least Annually