howw do i gett 900k off the books gor goodwill?
This is an accounting question. How do you get goodwill of 900K off the books.
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11/09/09 5:51am PST
Viewed by asker 11/09/09 7:31am PST
Viewed by asker 11/09/09 7:31am PST
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PhoebeRoberts
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11/09/09 7:16am PST
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Ooh, so many possible answers, and I honestly am not sure which of them you're looking for.
- With a credit.
- 15-year amortization for tax; last I knew for GAAP you had to test for impairment, but I don't keep up with GAAP.
- By selling the business in an asset sale, where the buyer would use the residual method to calculate the appropriate amount of goodwill, followed by a dissolution.
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