Compute the maximum period

Reference no: EM1361552

Dombers Co. and Munn Corp. engaged in a business combination. In accounting for the combination, goodwill of $400,000 was recognized. What is the maximum period over which the goodwill can be amortized?

A 0 years
B 10 years
C 20 years
D 30 years
E 40 years

Reference no: EM1361552

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