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Basic Question 0 of 3

What is the maximum period over which a company may amortize the cost of goodwill for financial reporting?

A. Five years
B. 40 years
C. It is not amortized.

User Contributed Comments 3

User Comment
teddajr Goodwill is not amortized, but is subject to impairment test (annually).
YOUCANDOIT impairment occurs when fair value < carrying value of goodwill
Inaganti6 @Youcandoit awful kind of you to motivate strangers
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Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

describe the types of investment problems addressed by multiple linear regression and the regression process;

CFA® 2025 Level II Curriculum, Volume 1, Module 1.