Goodwill Is Not Depreciated or Amortized but Is Instead Decreased

question 57

True/False

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

---

Definitions:

Anther

The part of a flower's stamen that contains the pollen, which is necessary for fertilization.

Carpel

Of a flower, reproductive organ that produces the female gametophyte; consists of an ovary, stigma, and usually a style.

Cotyledons

Embryonic leaf in seed-bearing plants, one or more of which are the first to appear from a germinating seed.

Endosperm

Nutritive tissue within seeds of flowering plants, providing sustenance to the developing embryo during germination.