Give two features of goodwill.
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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
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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 .
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