Accountancy, asked by sukri0497, 7 months ago

goodwill of the firm is a part of current assets​

Answers

Answered by vermanushka7487
14

Answer:

No, goodwill is not a current asset. Goodwill is an intangible asset, meaning that it is not associated with a physical item like a building or piece of equipment. Intangible assets are never considered current assets, no matter the period for which they provide economic value.

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