[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR31.205-49]

[Page 618]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 31--CONTRACT COST PRINCIPLES AND PROCEDURES--Table of Contents
 
          Subpart 31.2--Contracts With Commercial Organizations
 
Sec. 31.205-49  Goodwill.

    Goodwill, an unidentifiable intangible asset, originates under the 
purchase method of accounting for a business combination when the price 
paid by the acquiring company exceeds the sum of the identifiable 
individual assets acquired less liabilities assumed, based upon their 
fair values. The excess is commonly referred to as goodwill. Goodwill 
may arise from the acquisition of a company as a whole or a portion 
thereof. Any costs for amortization, expensing, write-off, or write-down 
of goodwill (however represented) are unallowable.

[49 FR 26743, June 29, 1984]