Goodwill Should Be Written Off

question 16

Multiple Choice

Goodwill should be written off

• A) As soon as possible against retrained earnings
• B) When there is evidence that its carrying value has been impaired
• C) By systematic charges against retained earnings over the period benefited, but not more than 40 years
• D) By systematic charges to expense over the period benefited, but not more than 40 years

---

Definitions:

Web Server

A server software or hardware that uses HTTP (Hypertext Transfer Protocol) and other protocols to respond to client requests made over the World Wide Web.

E-Mail Server

A server whose function is to process and deliver incoming and outgoing e-mail.

Database Server

A specialized server that manages databases, responds to requests from client machines, and performs database operations like data storage, retrieval, and manipulation.

Application Server

A server dedicated to running specific applications, offering both data and business logic.