The first examination of Rudd Corporations financial statements was made for the year ended December 31, 20X8. The auditor found that Rudd had acquired another company on January 1, 20X8, and had recorded goodwill of $100,000 in connection with this acquisition. Although a friend of the auditor believes the goodwill will last no more than five years, Rudds management has found no impairment of goodwill during 20X8. In its 20X8 financial statements, Rudd should repor