The reduction in value of goodwill is? by Sunday | Mar 21 | Accounting WAEC | 0 comments A. amortization B. appreciation C. depletion D. depreciation Correct Answer: Option A A. amortization Users Also Read These:The value of goodwill calculated at 3 years purchase…If a partner pays a premium of N500 for 1/5 share of…Goodwill is recognized in partnership accounts when?The reduction in the value of a country’s currency…The reduction in the value of a country's currency…