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Business, 25.02.2020 05:24 toricepeda82

Through 50 years of high quality service, Domo Diagnostics Laboratory has created goodwill with its clients that management estimates is worth at least $20,000,000. Under IAS 38, how should this be recognized? An intangible asset "Goodwill" should be debited for $20,000,000. The $20,000,000 should be expensed over a period of 20 years. The $20,000,000 should be expensed over a period of 50 years. It should not be recognized in Domo's accounting records at all.

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