You can no longer amortize goodwill. Instead you annually test it for impairment.
bring a loan to an end
goodwill
You cannot sell goodwill, at least in accounting. Goodwill is the amount that you overpaid. You can sell an asset at a high price but you cannot sell directly the goodwill.
To "amortize" something is to reduce its value to zero. Typically, the word is used in connection with mortgages - referring to the gradual payment of the mortgage debt over a period of time, until the value of the debt becomes zero (i.e. the debt is fully paid for).
To amortize a mortgage effectively, make extra payments towards the principal, choose a shorter loan term, and consider refinancing to lower interest rates. This will help reduce the total interest paid and shorten the time it takes to pay off the loan.
Goodwill itself is not directly taxable; rather, it is considered an intangible asset that may be subject to taxation upon sale or transfer. When a business is sold, the gain realized on the sale of goodwill may be subject to capital gains tax. Additionally, businesses can amortize the cost of goodwill over a period of 15 years for tax purposes. Therefore, while goodwill isn't taxed as income, transactions involving it can have tax implications.
The company wanted to amortize the preparation expenses quickly. When you amortize repayment of a principal over several years, you might benefit from general inflation during the period.
In order to pay off his large debts, John is going to amortize the payments.
bring a loan to an end
No; goodwill can not be depreciated because goodwill is not considered to have a useful life.
goodwill
There is no such thing as a nonrefundable security deposit.
speech to secure goodwill
The Goodwill was created in 2001.
the name of the firm is goodwill
Oliver Goodwill's birth name is Oliver James Goodwill.
You cannot sell goodwill, at least in accounting. Goodwill is the amount that you overpaid. You can sell an asset at a high price but you cannot sell directly the goodwill.