Goodwill remains on a company's books until ________.
A) accountants amortize it
B) accountants depreciate it
C) management sells it
D) management determines its value is impaired

Question

Quizplus · Accepted Answer

Goodwill is not amortized or depreciated like tangible assets. Instead, it remains on the company's books at its purchase price until management conducts an impairment test and determines that its value has decreased, at which point the value of goodwill is written down.

Goodwill Remains on a Company's Books Until ________