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What is the treatment for goodwill in a business combination? Should it be charged to the income statement or capitalised as an asset & ammortised?

Accounting Consolidation Financial Accounting
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Question added by Deleted user
Date Posted: 2015/04/09
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Mark Angelo Damuag
by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

It is capitalised as an asset and amortized the said goodwill directly related to the other assets and should be tested for any impairment.

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