Goodwill:
A) Is not amortized, but is tested annually for impairment.
B) Is amortized using the straight-line method.
C) Is amortized using the units-of-production method.
D) May be amortized using either the straight-line or units-of-production method.
E) Is never amortized or tested for impairment.

Question

Quizplus · Accepted Answer

Goodwill is not amortized, but it is tested annually for impairment according to accounting standards.