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Why goodwill is called intangible asset? Explain

Why goodwill is called intangible asset? Explain

by Jannathul Fardush Shimla -
Number of replies: 1

Goodwill is an intangible asset. Fictitious assets on the other hand, are the expenses or losses which are still to be charged from the profit and therefore, cannot be classified as tangible or intangible.

In reply to Jannathul Fardush Shimla

Re: Why goodwill is called intangible asset? Explain

by Shahana Kabir -
Good observation.