Question

Difference between purchase and non purchase goodwill

Answer 1

Answer:

Purchased Goodwill arises from the acquisition of an existing business, while non-purchased goodwill has been built-up over time and cannot be verified objectively". By its very nature of being difficult, or in some cases impossible to identify, non-purchased goodwill is unable to be included on the balance sheet.

Answer 2

Answer:

Hey mate here is your answer

Explanation:

Purchased Goodwill arises from the acquisition of an existing business, while non-purchased goodwill has been built-up over time and cannot be verified objectively". By its very nature of being difficult, or in some cases impossible to identify, non-purchased goodwill is unable to be included on the balance sheet.

Hope it's helpful for you