Question: The classification of intangible assets includes goodwill. Current FASB practice states that goodwill cannot be created, added to, or depreciated or amortized. Some companies have

The classification of intangible assets includes goodwill. Current FASB practice states that goodwill cannot be created, added to, or depreciated or amortized. Some companies have increased their value or have a significant portion of their assets tied up in goodwill. How appropriate is it for the FASB to take the position it has?

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The appropriateness of the Financial Accounting Standards Boards FASB position regarding goodwill is a matter of debate and depends on various perspec... View full answer

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