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Why goodwill is called intangible asset?

Why goodwill is called intangible asset?

by Md Sorower Hossain -
Number of replies: 1

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