Question Content Area

Goodwill is $\_\_\_\_\_.$

a$.$ amortized over $40$ years or its economic life, whichever is shorter

b$.$ charged to expense immediately

c$.$ written down only if an impairment in value occurs

d$.$ amortized in a manner similar to other intangibles

a$.$ decrease in Office Furniture of $$(2,800)$

b$.$ loss of $$(1,300)$

c$.$ decrease in Cash of $$(1,300)$

d$.$ increase in Accumulated Depreciation of $$15,800$