Under what conditions is goodwill recorded? What is the proper accounting treatment for amortizing goodwill ?

Question:

Under what conditions is recorded? What is the proper accounting treatment for amortizing ?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...