Since goodwill is intangible,it is amortized each year using the straight-line method,the same as other intangibles are amortized.

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Quizplus · Accepted Answer

Goodwill is not amortized each year using the straight-line method. Instead, it needs to be tested for impairment annually and written down if necessary. Amortization is only used for certain types of intangible assets like patents or copyrights.

Since Goodwill Is Intangible,it Is Amortized Each Year Using the Straight-Line