Which section of the Accounting Standards Codification best states the accounting alternative for amortization of goodwill that may be elected by a private company? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Unless specifically requested, your response should not cite implementation guidance.

Some examples of correctly formatted FASB ASC responses are 205-10-05-1, 323-740-S25-1, 260-10-60-1A, 715-30-35-95, 820-10-35-16BB, 810-10-55-205AE, 815-10-50-4EEE, and 815-10-50-4EEEE

Correctly formatted FASB ASC topics are 3 digits.

Correctly formatted FASB ASC subtopics are 2 or 3 digits.

Correctly formatted FASB ASC sections are 2 digits or an upper case letter followed by 2 digits.

Correctly formatted FASB ASC paragraphs are 1, 2, or 3 digits followed in some cases by 1, 2, 3, or 4 upper case letters. Note: Correct paragraph responses appear in bold font in FASB ASC and do not include subparagraphs denoted by a lower case letter.