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1. What are the factors included in estimating the useful life of an intangible asset? How should the amortization be calculated for a limited life

1. What are the factors included in estimating the useful life of an intangible asset? How should the amortization be calculated for a limited life intangible?

2. What is goodwill and what is negative goodwill? When is it appropriate to record goodwill and how should it be written off according to GAAP?

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