For tax purposes, goodwill created after July 1993 may be amortized up to 15 years and is tax deductible. Goodwill booked before July 1993 is also tax deductible.

Name: For tax purposes, goodwill created after July 1993 may be amortized up to 15 years and is tax deductible. Goodwill booked before July 1993 is also tax deductible.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goodwill created after July 1993 can be amortized and is tax deductible, but goodwill booked before July 1993 is not tax deductible.

For Tax Purposes, Goodwill Created After July 1993 May Be