asked 194k views
5 votes
Goodwill should:________.

a. be written off as soon as possible against retained earnings.
b. absent impairment, not be written off because it has an indefinite life.
c. written off as soon as possible as an expense.
d. amortized over a maximum of forty years.

asked
User Yixiang
by
8.2k points

1 Answer

3 votes

Answer:

d.amortized over a maximum of forty years

answered
User Pratik Bhatt
by
8.6k points
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