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.
Prior to 2001, companies amortized the goodwill intangible asset by recording an expense on the income statement each year. Goodwill was taken at straight-line amortization over a period of up to 40 years.For example, if Company A purchased Company B for $450,000 (i.e., purchase price) and the book value of Company B was only $400,000, the goodwill intangible asset would be $50,000.The $50,000 asset would be amortized for the same amount each year for up to 40 years.If you assume that Company A decided to amortize the goodwill amount over 40 years, then the amortization expense listed on the income statement is $1,250 annually (i.e., $50,000 divided by 40 years).or example, if Company A purchased Company B for $450,000 (i.e., purchase price) and the book value of Company B was only $400,000, the goodwill intangible asset would be $50,000. The $50,000 asset would be amortized for the same amount each year for up to 40 years.
Impairment reviews must be undertaken, particularly if the goodwill or intangible asset is regarded as having an infinite life and is therefore not being amortised. Internally generated goodwill should not be capitalised and internally developed intangible assets should be capitalised only where they have a readily ascertainable market value. Share UK GAAP for accounting periods beginning prior to 1 January 2015