Moving to another question will save this response Question

Moving to another question will save this response. Question 11 Goodwill: O is recorded when the purchasers of a business pay more than the fair value of the assets purchased. O should be treated like most other intangible assets and amortized over a useful life of not more than 40 years O should be recorded as a negative value if a company is purchased for less than the net carrying value of its assets. is an accounting measurement of how well a company\'s employees behave towards the company\'s customers. A Moving to another question will save this response.

Solution

Answer is Should be treated like most other Intangible assets and amortized over a useful life of not more than 40 years Explanation: Goodwill is recorded in the books as Intangible assets when the consideration paid is more than fair value of assets taken over less fair value of liabilities taken over. The Goodwill shall also be amortized for the period not more than 40 years.