For a corporation, goodwill created in an asset acquisition generally leads to temporary book-tax differences.

Name: For a corporation, goodwill created in an asset acquisition generally leads to temporary book-tax differences.
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Goodwill created in an asset acquisition is amortized over a period of 15 years for tax purposes, while it remains on the balance sheet at its original value for book purposes, creating a temporary book-tax difference.

For a Corporation, Goodwill Created in an Asset Acquisition Generally