Answer by Md. Shahriar Rahman - Monday, 23 November 2020, 11:01 PM Number of replies: 1 In simple terms, goodwill is the present value of the expected future income in excess of a normal return on the investment in tangible assets or for the excess of price paid for a business as a whole over the book value or over the computed or agreed value of all tangible net assets purchased.It is the benefit and advantage of the good name, reputation and connections of a business.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. Permalink In reply to Md. Shahriar Rahman Re: Answer by Shahana Kabir - Monday, 30 November 2020, 10:17 PM Good observation.Thanks for reply. Permalink Show parent
In reply to Md. Shahriar Rahman Re: Answer by Shahana Kabir - Monday, 30 November 2020, 10:17 PM Good observation.Thanks for reply. Permalink Show parent