SFAS 142 equates goodwill with other intangible costs to be immediately expensed.

Name: SFAS 142 equates goodwill with other intangible costs to be immediately expensed.
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Question

Quizplus · Accepted Answer

SFAS 142 requires that goodwill be subject to an annual impairment test, rather than being immediately expensed. However, other intangible assets with finite lives are subject to amortization and expensed over their useful lives.

SFAS 142 Equates Goodwill with Other Intangible Costs to Be