Question

Goodwill is paid for which benefit

Answer 1

godwill is paid for future benefit mark brainliest

Answer 2

Goodwill is paid for the benefit of the reputation of the entity.

• When a business is purchased, a premium is paid for goodwill.
• When a company is bought for more than its book worth, the buyer is paying for intangible assets like intellectual property, brand recognition, skilled personnel, and customer loyalty.
• A company's goodwill is an intangible asset that increases its value.