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.
To qualify as a long-term asset for amortization, the trademark must last at least 12 months. Amortize the trademark over 180 months to determine your allowable tax deduction. You must complete Form 4562 if you have any trademark amortization deductions to report.ivide the total capitalized cost by the economic life of the trademark to determine the monthly amortization amount. Amortization is shown on the company's general ledger as an expense. To set up the asset account in your general ledger, debit the total cost of the trademark.