any intangible which do not have realisable value
Answers
Answer:
Intangible asset in case of Goodwill is the value added to the firm which is realizable in nature, whereas fictitious assets do not posses any realizable value as they are created due to accounting entry due to the occurrence of deferred revenue expenditure.
Answer:
GOODWILL is a kind of Intangible Asset which do not have Realisable Value.
Explanation:
An Intangible Asset is an asset that is not tangible in nature and can be classified as uncertain or definite. Intangible assets are listed as brand equity, goodwill, intellectual property, etc.
Net Realizable Value (NRV) calculates the value of an asset at the time of sale with fewer costs to sell. NRV is a conservative method used by accountants to ensure that the value of an asset is not overstated.
Goodwill is an intangible asset that does not have realizable value. It is documented in the balance sheet of the company when a company buys another company or forms a merger