Question

Difference between purchased goodwill and non purchased goodwill

Answer 1

Answer:

Goodwill can be classified into 'purchased' and 'non-purchased goodwill'. Rohan defines the difference between the two as follows: ... 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".

Answer 2

Answer:

Goodwill can be classified into 'purchased' and 'non-purchased goodwill'. 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''.