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A Major Argument in Favor of Setting Up Goodwill as an Asset

Question 59

Multiple Choice

A major argument in favor of setting up goodwill as an asset without amortization is that


A) it is inconsistent to amortize purchased but not internally generated goodwill.
B) it is the cost of resources which will be used up.
C) its future value is being continuously maintained.
D) everything needs to pass through the income statement sometime.

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