How Must Goodwill Resulting from Business Combinations Be Treated Under

Multiple Choice

How must Goodwill resulting from business combinations be treated under U.S.GAAP?

A) It must be amortized over a period of no more than 40 years.
B) It must be expensed when it is acquired.
C) It must be written down when its fair value is less than its carrying value.
D) It must be written down in no less than 5 years and no more than 40 years.