How appropriate is it for the fasb to take the position


The classification of intangible assets includes goodwill. Current FASB practice states that foodwill 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?

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Accounting Basics: How appropriate is it for the fasb to take the position
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