Assume that a company buys another business and pays for its goodwill. If the company plans to

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Assume that a company buys another business and pays for its goodwill. If the company plans to incur costs each year to maintain the value of the goodwill, must it also amortize this goodwill?

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:47 AM

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Assume that a company buys another business and pays for its goodwill. If the company plans to

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No this type of goodwill would not be amortized Instead the FASB SFAS 142 requ...View the full answer

Fundamental Accounting Principles

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