What does it mean to amortize goodwill?

What does it mean to amortize goodwill? Goodwill amortization refers to the gradual and systematic reduction in the amount of the goodwill asset by recording a periodic amortization charge. Why do you amortize goodwill? In accounting, goodwill is accrued when an entity pays more for an asset than its fair value, based on the company’s … Continue reading What does it mean to amortize goodwill?