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.
Why goodwill is called intangible asset? Explain
Number of replies: 1
In reply to Shazzad Hossain Sumon_193-15-13576
Re: Why goodwill is called intangible asset? Explain
by Shahana Kabir -
Nice observation.