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The classification of intangible assets includes goodwill

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The classification of intangible assets includes goodwill. Current FASB practice states that foodwill cannot be created, added to, or depreciated or amortized. Some companies have increased their value or have a significant portion of their assets tied up in goodwill. How appropriate is it for the FASB to take the position it has?

Reference no: EM13604154

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