The classification of intangible assets includes goodwill. Current FASB practice states that goodwill cannot be created, added to, or depreciated or amortized.
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“The classification of intangible assets includes goodwill. Current FASB practice states that goodwill 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? “
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