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No, technically goodwill is put under the category of assets because there is no expiration date for goodwill, however, it represents no assets that can be quantified, it is the amount in excess of bookvalue that the company paid when acquiring another firm
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∙ 11y ago
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Why goodwill is an intangible asset?
Goodwill is an intangible asset because it does not have any tangible physicle existance and nobody can touch or see it.
Is branding a intangible asset?
Yes, branding is an intangible asset. Usually, common referred to under Goodwill.
How do you record goodwill on a balance sheet?
intangible asset
Why goodwill is an asset?
Goodwill is an intangible asset because it does not have any tangible physicle existance and nobody can touch or see it.
Examples of intangible asset?
Most common example of intengible asset is "GOODWILL"
Is goodwill a tangible asset?
goodwill must be treated as tangible asset because it holds great value for the company. but analysts treat as an intangible asset .
Is goodwill tangible asset?
goodwill must be treated as tangible asset because it holds great value for the company. but analysts treat as an intangible asset .
Is accounts receivables a fixed asset or intangible asset?
The answer is neither one. Accounts receivable are a current asset; neither an intangible asset (e.g. goodwill) nor a fixed asset (e.g. plant and equipment).
When is the intangible asset goodwill capitalized?
Internally generated goodwill is never capitalized, purchased goodwill is capatalized on the consoilidated balance sheet.
Which intangible asset is recorded only as a part of the acquisition of another company?
goodwill
What is classified as an intangible asset on the balance sheet?
goodwill
Which intangible asset is recorded only as part of the acquisition of another company?
goodwill
