Accounting for goodwill has always been a controversial topic and the FASB in 2019 invited comments on its intent to change the standard on goodwill including considering bringing back mandatory amortization of goodwill instead of the current impairment testing.

Please list a reason why mandatory amortization of goodwill would result in a better presentation of a company's financial position compared to impairment testing and a reason why it would not. Explain the rationale for your reasons. Which method would you consider better for financial reporting?