Amortize the goodwill for first year


Xtra Company purchased goodwill from Argus for $144,000. Argus had developed the goodwill over 6 years. How much would Xtra amortize the goodwill for its first year?

$8,640

$24,000

Goodwill is not amortized.

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Accounting Basics: Amortize the goodwill for first year
Reference No:- TGS094914

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