In the CPA Canada Handbook, Section 3064, the Amortization of Goodwill

question 90

True/False

In the CPA Canada Handbook, Section 3064, the amortization of goodwill is not permitted, although if the fair value of the goodwill drops, the loss in value is to be recognized on the income statement.

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Definitions:

Human Capital

The skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value or cost to an organization.

Attributes

Characteristics or qualities that are inherent in or ascribed to someone or something.

Knowledge

Information, understanding, or skills acquired through experience or education; the theoretical or practical understanding of a subject.

Resource-Based View

A strategic management perspective that considers a firm's internal capabilities and resources as the primary determinants of its competitive advantage.