Question

what is the meaning of goodwill and depreciation in accounts fast ples​

Answer 1

Answer:

Goodwill :

is an intangible asset (an asset that's non-physical but offers long-term value) which arises when another company acquires a new business.

Depreciation :

The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation.

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