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:

Chlorophyll A

The primary type of chlorophyll found in green plants and cyanobacteria, which absorbs light most efficiently for photosynthesis.

Aquatic Plant

Plants adapted to living in water environments, playing crucial roles in the ecosystem by providing oxygen and habitat to aquatic life.

Bubbles

Spherical pockets of gas trapped in a liquid or solid form, often visible as balls of air or gas in water or other liquids.

Cofactors

Non-protein chemical compounds or metallic ions that are required for an enzyme's activity as a catalyst.