Accountancy, asked by harryStyles1293, 2 months ago

What is goodwill revolution.

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Answered by rishabhsingh8573

1

Answer:

Goodwill is an asset that cannot be revalued so any impairment loss will automatically be charged against profit or loss. Goodwill is not deemed to be systematically consumed or worn out thus there is no requirement for a systematic amortisation unlike most intangible assets

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