Accountancy, asked by krishgandhi025, 1 month ago

Why the value of goodwill is more in older business ?​

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Answered by Anonymous
75

  • Time factor: An older, more established, business enjoys better goodwill than a new business. (3) Nature of business: ... The nature of goods dealt with, the risk attached the competition involved, certain special privileges enjoyed by the firm such as special licenses, franchise, etc., determine the value of goodwill.

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Answered by sudhakarmadugula123
2

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