Question

Black, Inc., acquired another company for $5,000,000. The fair value of all identifiable tangible and intangible assets was $4,500,000. Black will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition? Multiple Choice $12,500 $20,000 $25,000 0

Answer 1

0

Step-by-step explanation:

Goodwill isn't amortized instead it is checked yearly for impairment.

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