How is goodwill evaluated? (a) Goodwill must be amortized over a 40-year period. (b) Goodwill should be
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How is goodwill evaluated?
(a) Goodwill must be amortized over a 40-year period.
(b) Goodwill should be written up each year.
(c) Companies should determine whether goodwill has lost value, and if so, the loss in value should be written off as an impairment expense.
(d) Goodwill is to be written off at the end of the tenth year.
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Related Book For 
Understanding Financial Statements
ISBN: 9780138114404
12th Edition
Authors: Lyn Fraser, Aileen Ormiston
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