Includes goodwill and other intangible assets for which amortization is not deductible for federal income tax purposes. All other intangible assets should be classified as Other Intangibles (v2410). These assets include mailing lists, organization costs, licenses, franchises, and permits (for exploration, import, export, and construction).
Using the default forecast method, enter only the annual additions to this account in the forecast period. Strategic Finance calculates the balance, after deducting amortization charges, which you enter in Amortization of Goodwill (v2400.03):
(v2400.00) Goodwill (prior period)
+ (v2400.01) Additions To Goodwill
- (v2400.03) Amortization of Goodwill
= (v2400.00) Goodwill