Goodwill is recorded
as an intangible asset on the acquiring company's balance sheet under
the long-term assets account. Goodwill is considered an intangible (or
non-current) asset because it is not a physical asset like buildings or equipment.
Goodwill is recorded
as an intangible asset on the acquiring company's balance sheet under
the long-term assets account. Goodwill is considered an intangible (or
non-current) asset because it is not a physical asset like buildings or equipment.