What is goodwill and explain importance of valuation of goodwill?
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☺heya ur answer is.....
Goodwill is a special type of intangible assets that represents that portion of the entire business value that cannot be attributed to other income producing business assets, tangible or intangible.
VALUATION of GOODWILL
A firm's reputation is generally assessed by Goodwill earned by firm during its tenure. Goodwill is generally used in business would to access the value of a firm.It is an intangible, invaluable asset.
NEED for VALUATION OF GOODWILL
Generally goodwill may be valued at the time of disposal of business of a firm.
Hope it helps.✌
Goodwill is a special type of intangible assets that represents that portion of the entire business value that cannot be attributed to other income producing business assets, tangible or intangible.
VALUATION of GOODWILL
A firm's reputation is generally assessed by Goodwill earned by firm during its tenure. Goodwill is generally used in business would to access the value of a firm.It is an intangible, invaluable asset.
NEED for VALUATION OF GOODWILL
Generally goodwill may be valued at the time of disposal of business of a firm.
Hope it helps.✌
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