Discuss and answer the four questions (A-D) that are presented in the problem “Professional Research: FASB Codification” assignment found on page 651. Please post at least three times on this topic for full credit consideration.
WEEK 1: GOODWILL
“The classification of intangible assets includes goodwill. Current FASB practice states that goodwill cannot be created, added to, or depreciated or amortized. Some companies have increased their value or have a significant portion of their assets tied up in goodwill. How appropriate is it for the FASB to take the position it has?
