Since Goodwill Is an Intangible, It Is Amortized Each Year

question 136

True/False

Since goodwill is an intangible, it is amortized each year using the straight-line method, the same as other intangibles are amortized.

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Definitions:

Morphemes

The smallest meaningful units of language that convey specific semantic meaning, which can be words or parts of words.

Phoneme

The smallest unit of sound in a language that can distinguish one word from another in the language.

Morpheme

The smallest grammatical unit in a language, unable to be further divided without altering or losing its meaning.

Prefix

A prefix is a group of letters placed before the root of a word to modify its meaning.