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are capitalized and then amortized over a period not to exceed...

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Accounting

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are capitalized and then amortized over a period not to exceed 20 years. a. goodwill is recorded as the excess of cost over the book value of identifiable net assets. b. assets are recorded at the seller's book values. c. goodwill, if it exists, is never recorded. d. goodwill is recorded as the excess of cost over the fair value of identifiable net assets

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