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    Survey of Accounting Study Set 2
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    Exam 7: Fixed Assets and Intangible Assets
  5. Question
    Goodwill Is
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Goodwill Is

Question 68

Question 68

Multiple Choice

Goodwill is


A) amortized similar to other intangibles.
B) only written down if an impairment in value occurs.
C) charged to expense immediately.
D) amortized over 40 years or its economic life,whichever is shorter.

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