Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚

Goodwill

sntowell New MemberRegistered Posts: 13

November 2009 in General accounting discussion

Can anyone help as I'm getting conflicting answers on this issue. If goodwill is amortisated from the date of purchase and it is discovered that this can be sold at a later date for higher than purchased price, would it be correct to continue amortisating the goodwill or stop the amortisation?

Thanks for your help.