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Why goodwill is called intangible asset?

Why goodwill is called intangible asset?

by Abidur Rahman khan 193-15-13374 -
Number of replies: 1

Goodwill is an intangible asset, which means that it cannot be seen or felt but has some realizable value. They are not recorded in the books of accounts. 
Whereas, Fictitious assets are assets that are made up and do have any realizable value when sold. They are, however, recorded in the books of accounts. 

In reply to Abidur Rahman khan 193-15-13374

Re: Why goodwill is called intangible asset?

by Shahana Kabir -
Nice observation.Thanks for reply.