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Why goodwill is called intangible asset?

Why goodwill is called intangible asset?

by Mehedi 15-13487 -
Number of replies: 1

Goodwill is called intangible asset because  it cannot be seen or felt but has some realisable value. They are not recorded in the books of accounts. 

In reply to Mehedi 15-13487

Re: Why goodwill is called intangible asset?

by Shahana Kabir -
Nice observation . Thanks for reply.