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Why goodwill is called intangible asset? Explain

Why goodwill is called intangible asset? Explain

by Kazi Imran Pranto -
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 intangible assets or for the excess of the 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.