Can goodwill be amortized under GAAP?

Can goodwill be amortized under GAAP? Under GAAP (“book”) accounting, goodwill is not amortized but rather tested annually for impairment regardless of whether the acquisition is an asset/338 or stock sale. A caveat is that under GAAP, goodwill amortization is permissible for private companies. How long do you amortize goodwill for GAAP? 10 years Private … Continue reading Can goodwill be amortized under GAAP?