Briefly discuss the cost savings that may result from a private company electing to amortize goodwill as

Question:

Briefly discuss the cost savings that may result from a private company electing to amortize as opposed to annual impairment testing?
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...