Business Studies, asked by shindepragati2006, 5 days ago

good will arising on amalgamation is to be​

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Answered by ykpdmpr
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Goodwill arising on amalgamation represents a payment made in anticipation of future income and it is appropriate to treat it as an asset to be amortised to income on a systematic basis over its useful life. Due to the nature of goodwill, it is frequently difficult to estimate its useful life with reasonable certainty.

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