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Which of the following properly describes the accounting for goodwill? Multiple Choice Goodwill is recorded when it is internally generated. Goodwill is amortized over its

Which of the following properly describes the accounting for goodwill?

Multiple Choice

Goodwill is recorded when it is internally generated.

Goodwill is amortized over its useful life.

Goodwill is the difference between the amount paid for a company relative to the book value of the acquired company's net assets.

Goodwill is written down when it has been determined to be impaired.

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