Question

Give two features of goodwill.


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Answer 1

Answer:

two features of goodwill.

Answer: The two features of goodwill are

It is an intangible asset. It does not have any physical existence

It helps in earning higher profits

Answer 2

Answer:

Features of Goodwill are :-

• Be an intangible asset which cannot be seen;

• It cannot be separated from the business like a physical asset can;

• Its value is not relative to any investment amounts or costs .

• This value is subjective and depends on the person (customer) judging it .