Which of the following statements is/are correct with regard to accounting for goodwill? (a) Goodwill needs to
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Which of the following statements is/are correct with regard to accounting for goodwill?
(a) Goodwill needs to be written off as soon as it is identified
(b) Goodwill is reported continuously as an asset unless it is impaired
(c) Goodwill should be amortised over an estimated useful life
(d) Goodwill should be amortised over an estimated useful life not exceeding 20 years
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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