Goodwill is not depreciated or amortized but is instead decreased only if its value has been determined by management to be impaired.

Name: Goodwill is not depreciated or amortized but is instead decreased only if its value has been determined by management to be impaired.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goodwill is not subject to depreciation or amortization since it is considered to have an indefinite useful life. However, if the value of goodwill is determined to be impaired, it is reduced.

Goodwill Is Not Depreciated or Amortized but Is Instead Decreased