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Why is goodwill no longer amortized

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Reference no: EM132819842

Advanced Accounting Class

Problem (1) Why is Goodwill no longer amortized? What FASB Statement dictated as such?

Problem (2) Since Goodwill is no longer amortized, how is it's 'book value' measured?

  • Be specific as to what needs to be done and how it is done. Include each step in detail, including guidelines for frequency.

Reference no: EM132819842

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