Question

what is the characteristics of goodwill​

Answer 1

Answer:

1 Goodwill is an intangible assets of the business which cannot be seen or touched.

2 Goodwill has no seperate existence other than business.

3 Good can be sold or purchased during entire business.

4 It is difficult to place the exact value of goodwill since its value fluctuates time to time.

5 It can be calculated from different methods in different business.

Answer 2

Answer:

there are a few things which probably come to mind. Whilst goodwill is simple to think about, it’s hard to come up with a definition in terms of your business, and figuring out whether it’s something you need to invoice for can be confusing.

Explanation:

Types of Goodwill :-

1) Purchased Goodwill :- Purchased goodwill comes around when a business concern is purchased for an amount above the fair value of the separable acquired net assets.

2) Inherent Goodwill :- Inherent goodwill is, of course, the best to have. After all, it costs you nothing and you can gain a lot from it. It takes a lot of time to build inherent goodwill, however, there are certain factors which have a great influence on it.

Features Of Commerical Goodwill :-

Be an intangible asset which cannot be seen;

It cannot be separated from the business like a physical asset can;

Its value is not relative to any investment amounts or costs;