FAR 31.205-49 Goodwill
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 31.205-49
- Type
- Subsection
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this subsection.
Text
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.
Quick answers
What is FAR 31.205-49?
FAR 31.205-49 is a subsection of the Federal Acquisition Regulation, titled "Goodwill".
Are changes to FAR 31.205-49 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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