Private companies, with respect to goodwill: Must amortize it over a 12-year period. ...
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Accounting
Private companies, with respect to goodwill: Must amortize it over a year period. May treat goodwill as a definite lived intangible asset with a year useful life. May amortize goodwill if the value of the company does not exceed $ million. Must treat it as an intangible asset with an indefinite life. May elect to amortize it over a period of years. 
Private companies, with respect to goodwill:
Must amortize it over a year period.
May treat goodwill as a definite lived intangible asset with a year useful life.
May amortize goodwill if the value of the company does not exceed $ million.
Must treat it as an intangible asset with an indefinite life.
May elect to amortize it over a period of years.
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