Question

What is goodwill and explain importance of valuation of goodwill?

Answer 1

☺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.


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