Question: How is goodwill amortized? A. It is not amortized for reporting purposes or for tax purposes. B. It is not amortized for reporting purposes, but

How is goodwill amortized?

A.

It is not amortized for reporting purposes or for tax purposes.

B.

It is not amortized for reporting purposes, but is amortized over a 5-year life for tax purposes.

C.

It is not amortized for tax purposes, but is amortized over a 5-year life for reporting purposes.

D.

It is not amortized for tax purposes, but is amortized over a 15-year life for reporting purposes.

E.

It is not amortized for reporting purposes, but is amortized over a 15-year life for tax purposes.

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