We know that, if an assets that is not physical in nature then the assets will call intangible asset. Goodwill also a such kind of asset that lacks physical substance. That is why, we call goodwill as an intangible asset.
We know that, if an assets that is not physical in nature then the assets will call intangible asset. Goodwill also a such kind of asset that lacks physical substance. That is why, we call goodwill as an intangible asset.