Answer-Which is true about goodwill under Ind AS?

Under Ind AS, goodwill is not amortized. Instead, it is tested for impairment at least annually, or more frequently if there is an indication of impairment.

Question

Which is true about goodwill under Ind

AS?

A Goodwill is amortised over maximum 20 years always

B Goodwill is not amortised; tested annually for impairment

C Goodwill is treated as current asset

D Goodwill is expensed immediately when acquired

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Which is true about goodwill under Ind

Solution