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Goodwill is: Amortized over the greater of its estimated life or 40 years. Only recorded by the seller of a business. The excess of the

Goodwill is:

Amortized over the greater of its estimated life or 40 years.
Only recorded by the seller of a business.
The excess of the fair value of a business over the fair value of all net identifiable assets.
None of the above.

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