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This excerpt taken from the CVS 10-K filed Feb 27, 2007. Goodwill ~ The
Company accounts for goodwill and intangibles under Statement of Financial
Accounting Standards (“SFAS”) No. 142, “Goodwill and Other Intangible Assets.”
As such, goodwill and other indefinite-lived assets are not amortized, but are
subject to impairment reviews annually, or more frequently if necessary. See
Note 3 for further information on goodwill.
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