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QUESTION
Goodwill should a) be written off as soon as possible against retained earnings. b) absent impairment, not be written off because it has an...
Goodwill should
a) be written off as soon as possible against retained earnings.
b) absent impairment, not be written off because it has an indefinite life.
c) written off as soon as possible as an expense.
d) amortized over a maximum of forty years.
