Goodwill arising on the acquisition of a business is:
- A Amortised over ten years in all cases
- B Tested annually for impairment under Ind AS and IFRS
- C Written off immediately against revenue
- D Recorded as a current asset
Answer
Tested annually for impairment under Ind AS and IFRS
Under Ind AS 36 and IFRS, goodwill is not amortised. It is carried at cost less any impairment and tested for impairment at least annually.





