Purchased Goodwill Must Be Capitalized but Can Be Amortized Over

question 61

True/False

Purchased goodwill must be capitalized but can be amortized over a 60-month period.

---

Definitions:

Liquid Medication

Medicinal substances in liquid form, intended for oral ingestion, injection, or another method of administration.

Crying Infant

An infant’s way of communicating distress, discomfort, hunger, or the need for attention to caregivers.

Intravenous Infusion

The administration of liquid substances directly into a vein, used for medication delivery or nutritional support.

Macrodropper

A type of dropper used to dispense large drops of liquid, commonly used in medical settings for delivering medications.