11 4: Describe Accounting for Intangible Assets and Record Related Transactions Business LibreTexts
Although amortization of goodwill is nothing more than providing for any business change, there are no predefined sets of benefits. Still, any company can use goodwill amortization to reduce its income tax liabilities by increasing expenses. Goodwill represents the fair value of a business, i.e., the premium one needs to pay for purchasing a well-established …