[tuanxn]

Hey everyone, I just had a question about goodwill amortization.

In the Ninja notes it says that goodwill is amortized over 10 years under the Public Company Framework. I was under the impression that goodwill is only amortized for private companies and not amortized for public companies, so the fact that this is listed under the Public Company Framework throws me off.

Would someone care to explain?

Jeff?

Thanks!

[12tang]

I don't have the ninja notes but goodwill is only amortized for private companies (10 year straight-line) and public companies have to test for impairment and do not amortize.

BEC - PASS

FAR - PASS

AUD - PASS

REG - PASS

BOOM!  JUST LIKE THAT, I GOT MY LIFE BACK!  =D

Using Becker self-study
FAR: (82) 175 hours - 1st attempt
BEC: (XX)
AUD: (69) 45hrs of study - 1st attempt
REG: (XX)

[Author]

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