Question

Characteristic of goodwill in heading

Answer 1

Answer:

Goodwill is basically the reputation of the company measured in terms of money.

Characteristics of Goodwill are:-

1) It is an intangible asset as it connot be seen or touched but it's presence can be felt.

2) It is not a ficticious asset

3) It cannot be sold solely as it cannot be separated from the business.

4) The value of goodwill fluctuates frequently.

Explanation:

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