How long do you amortize goodwill for GAAP?

How long do you amortize goodwill for GAAP? Private companies can elect to amortize goodwill on a straight-line basis over 10 years (or less than 10 years if a company can support that another useful life is more appropriate). Do you amortize goodwill for GAAP? Under GAAP (“book”) accounting, goodwill is not amortized but rather … Continue reading How long do you amortize goodwill for GAAP?