Question

Good will is an asset and any revaluation of such an asset must be effected through

Answer 1

Answer :

Goodwill is an asset that cannot be revalued so any impairment loss will automatically be charged against profit or loss.

Explanation:

Goodwill doesn't affect a company's net income, but if it become impaired the effect can be substantial.

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Answer 2

Explanation:

the value of good will refers to the amount over book value that one company pays when accuring another