Goodwill After an Acquisition: The Private Company Elections

Private company goodwill amortization is an election under ASC 350-20-35-63 that lets a non-public entity amortize goodwill straight line over ten years, or less if a shorter useful life is demonstrable. Electing it replaces annual impairment testing with trigger-only testing. Indinero’s CPA-led team documents the election, the useful life basis, and its covenant and tax consequences in one bundled engagement.