Question

State any two feauther of goodwill

Answer 1

Answer:

• Be an intangible asset which cannot be seen.
• Its value is not related to any investment amount for cold

Answer 2

1. Unfixed value

2. Intangible asset

Explanation:

1. Due to the dynamic circumstances of a firm, goodwill can never be settled at a restricted value.

2. Goodwill is an intangible asset, i.e., it possesses no physical presence. Brand awareness, trademark, copyright are alternative examples of intangible assets.

                                                                                           

What is goodwill?

Goodwill is an intangible asset; it originates when a company purchases another. Factors like spot of business, appropriate outcomes, and capability of business influence goodwill.