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Goodwill: is an intangible asset that is tested annually for impairment is an intangible asset that is always amortized O appears as an expense on

Goodwill: is an intangible asset that is tested annually for impairment is an intangible asset that is always amortized O appears as an expense on the income statement when the company buys an entire business unit can appear on the balance sheet either as an asset or a liability is the difference between the purchase price of a business and the book value of the net assets

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