Why goodwill is called intangible asset?

Why goodwill is called intangible asset?

by Mahade Hasan Forhad 193-15-13355 -
Number of replies: 1

  • It cannot be touched and felt and therefore, 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 Mahade Hasan Forhad 193-15-13355

Re: Why goodwill is called intangible asset?

by Shahana Kabir -
Nice observation.Thanks for reply.