CFA Practice Question

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CFA Practice Question

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.
Correct Answer: C

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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