The main objective of this study, which relates to FRS 10, is to examine whether purchased goodwill amortisation for financial reporting in the UK provides relevant information to the market. To examine the relation between goodwill amortisation and market value, we use a valuation model that ...
It establishes a mandatory 15-year recovery period for assets such asgoodwill,trademarks, franchises, licenses granted by governmental agencies, and customer-based intangibles. Other assets, such aspatentsand copyrights, are amortizable under IRC section 197 if they are purchased as part of a tra...