Why goodwill is called intangible asset?

Why goodwill is called intangible asset?

by Asadullah Shakil -
Number of replies: 1

An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.

In reply to Asadullah Shakil

Re: Why goodwill is called intangible asset?

by Shahana Kabir -
Good observation.Thanks for reply.