Prior to July 2001, the Required Treatment of Goodwill Was

question 21

Multiple Choice

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.

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