"Goodwill cannot be said to depreciate". Explain the statement?
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Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. ... It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Under US GAAP and IFRS, goodwill is never amortized, because it is considered to have an indefinite useful life
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