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:

Stimuli

External or internal changes that affect the sensory organs and elicit responses from an organism or a biological system.

Nociception

Perception of pain, temperature, and itch.

Perception

The process by which organisms interpret and organize sensation to produce a meaningful experience of the world.

Nociception

The sensory process that provides the signals that lead to the perception of pain in response to potentially harmful stimuli.