Why don't most companies just write down their goodwill whenever they want to reduce their taxable income?
If writing down goodwill is an expense and in turn reduces your taxable income, why don't more companies do it at their discretion? Do they have to legally prove the goodwill is worth less before they can?
Help me make sense of this.
You’re also intentionally devaluing your assets for what? A lower tax bill? Not worth it
Few things here:
Hope that helps.
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