Question: FASBs general rule is that goodwill should not be amortized. However, in 2014, the FASB made a standard that allows nonpublic companies to amortize goodwill

FASBs general rule is that goodwill should not be amortized. However, in 2014, the FASB made a standard that allows nonpublic companies to amortize goodwill over 10 years. Can you see any reasons why amortization might make sense for private companies, either from the point of view of making bookkeeping easier, or of better reflecting economic reality?

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