Question

Why is goodwill an intangible assets.

Answer 1

Answer:

Goodwill is recorded as an intangible asset on the acquiring company's balance sheet under the long-termassets account. ... Goodwill is considered an intangible (or non-current) asset because it is not a physical asset like buildings or equipment.

Answer 2

Answer:

Goodwill is recorded as an intangible asset on the acquiring company's balance sheet under the long-term assets account. ... Goodwill is considered an intangible (or non-current) asset because it is not a physical asset like buildings or equipment.

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Explanation: