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Goodwill in an intangible asset. It can be purchased or internally-generated.
Purchased goodwill can occur when a businesses purchases a company's assets for more than their fair value.
Internally-generated goodwill can arise for a few reasons, such as the fact that a company develops a reputation in the industry and in the market. Such a factor is an asset to the company, but is not tangible. I believe accounting principles are fairly restrictive on this type of goodwill.
What else can I help you with?
Is good will current or non current asset?
1. Goodwill is an intangible asset as it doesn't have any physical existence it can be treated as fixed assets as goodwill is generally amortized in more than one fiscal year like any tangible asset
What is the meaning of fictitious asset?
fictitious asset for exampal like this (miscellanous expenditure)
What is an unidentifiable asset?
Goodwill is an unidentifiable 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 .
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 good is a fictitious asset or fixed asset?
fixed
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).
What is fictitious asset?
A fictitious asset is a claimed asset that does not actually exist. It is considered fraud to claim a fictitious asset.
Is goodwill a fixed asset or ficti tious asset?
Goodwill in an intangible asset. It can be purchased or internally-generated. Purchased goodwill can occur when a businesses purchases a company's assets for more than their fair value. Internally-generated goodwill can arise for a few reasons, such as the fact that a company develops a reputation in the industry and in the market. Such a factor is an asset to the company, but is not tangible. I believe accounting principles are fairly restrictive on this type of goodwill.
Fictitious asset and its advantage?
A fictitious asset is one that doesn't have a resale value. A prepayment, such as a gift card balance, is a fictitious asset.
Is good will current or non current asset?
1. Goodwill is an intangible asset as it doesn't have any physical existence it can be treated as fixed assets as goodwill is generally amortized in more than one fiscal year like any tangible asset
Is goodwill a financial asset?
According to the FASB, goodwill is defined as an asset.
What is an intangiblee fixed asset?
An intangible fixed asset is one that cannot be physically seen or touched. Goodwill or brand loyalty is an example. A firm like Coca-Cola would most likely include a quantification of their good will as an intangible fixed asset on their balance sheet.
What is the meaning of fictitious asset?
fictitious asset for exampal like this (miscellanous expenditure)
What is an unidentifiable asset?
Goodwill is an unidentifiable 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.
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 .
