A major argument against the systematic amortization of goodwill is that

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Goodwill represents an intangible asset that is not a physical asset, and unlike physical assets, it does not lose value over time. Therefore, it does not make sense to systematically amortize it because it represents an unrealized loss that does not reflect on the cash flow of the company. Furthermore, goodwill can maintain its value or even increase in value over time so long as the company continues to operate and generate profits. Amortizing it can lead to an understatement of the company's true earnings potential.

A Major Argument Against the Systematic Amortization of Goodwill Is