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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
non-current assets.
non current
it is a expense
is closing inventory a 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
non current asset
non-current assets.
non current
Balance Sheet- Noon Current Asset- intangable Asset
it is a expense
According to the FASB, goodwill is defined as an asset.
is closing inventory a current or non current asset
An expense is not an asset at all.
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).
Because it's a fixed asset
Goodwill is an unidentifiable asset