After 1 January 2005,the Position That Applies in Australia to the Amortisation

Multiple Choice

After 1 January 2005,the position that applies in Australia to the amortisation of goodwill is:

A) goodwill must be amortised systematically over the period during which the future economic benefits are expected to be consumed
B) goodwill is not required to be systematically amortised and is not subject to an impairment test
C) goodwill is not required to be systematically amortised but is subject to an impairment test
D) goodwill is to be amortised over a period not exceeding 20 years