The classification of intangible assets includes goodwill

Reference no: EM13604154

The classification of intangible assets includes goodwill. Current FASB practice states that foodwill cannot be created, added to, or depreciated or amortized. Some companies have increased their value or have a significant portion of their assets tied up in goodwill. How appropriate is it for the FASB to take the position it has?

Reference no: EM13604154

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