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Why should goodwill be accounted for

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Reference no: EM132826218

Problem 1: ASU 2014-02 allows private companies the option to amortize goodwill over 10 years. Regardless of the status of the FASBs Technical Agenda project related to accounting for goodwill as of February 9, 2021, why not also require publicly listed companies to amortize goodwill over 10 years?

Problem 2: Why should goodwill be accounted for, one way, for publicly-listed firms, and other ways for private companies? Does that make sense?

Reference no: EM132826218

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