$1\mathrm{.}12$ Goodwill Accounting Alternative $($parts $1-3$ only$)$

An $$accounting alternative$$ is available within the Goodwill topic of the Codification specifically as it

relates to the subsequent measurement of goodwill $($ASC $350-20-35-??).$ Locate this alternative

and explain:

$1.$ What measurement approach does the accounting alternative permit?

$2.$ What types of companies are eligible to apply this accounting alternative and where did

you locate this information?

$3.$ How does the accounting alternative differ from the measurement requirements for

companies that do not $($or cannot$)$ elect this treatment? In other words, if you cannot elect

the accounting alternative, what subsequent measurement requirement for goodwill are

you expected to follow?

Make sure to cite the proper Codification reference for each part $($#$1-3)$ of your responses

above as follows: FASB ASC $($XXX$)-($YY$)-($ZZ$)-($PP$)$