Prior to July 2001, the required treatment of Goodwill was:
A) to amortize it over its useful life, to a maximum of 40 years.
B) to amortize it over its useful life, to a maximum of 20 years.
C) to re-allocate a portion of it to other intangible assets.
D) to capitalize but not amortize the amount.
Correct Answer:
Verified
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