1 Go SOUTH on ROUTE-1 (Portions toll) passing by Milford, DE toward Rehoboth & Dewey Beaches. 2  Take the LEFT exit for 1A (Rehoboth Beach-Henlopen Acres). 3  1A becomes Rehoboth Avenue and ends at the Boardwalk. 4  Trip time is about 2 hours.
Goodwill is carried as an asset and evaluated for impairment at least once a year. Until 2001, goodwill was an amortization expense for a period of up to 40 years.Many companies used the 40-year maximum to neutralize the periodic earnings effect and report supplementary cash earnings that they then added to net income.n accounting, goodwill is accrued when an entity pays more for an asset than its fair value based on the companyâs brand, client base or other factors. Corporations use the purchase method of accounting, which does not allow for automatic amortization of goodwill.
If an asset is not deemed to be an identifiable asset, then its value is considered part of the goodwill amount arising from the acquisition transaction. For example, suppose ABC conglomerate company purchases both a smaller manufacturing firm and a smaller start-up internet marketing company.