Goodwill

Goodwill Goodwill is an nonphysical asset, probably the most impalpable of all intangible assets, hard to measure and even much difficult to account for. Goodwill today constitutes a precise much larger part of acquisition prices than it did previously, resulting in a much greater impact on financial statements. During the ordinal century the concept of blessing has changed significantly. In the earlier years goodwill was thought of as the good and valuable relationships of a owner of a line of descent with his customers.

The present concept is broader in that it encompasses more more intangible frugal factors of a business green light and accountants now consider tha t goodwill results from the rating of the earning power of a business by investors (Johnson, 43). From an accountants perspective, goodwill appears in accounts of a community only when the company has purchased some intangible and valuable economic source. Intangibles such as patents and copyrights are examples of identifi...If you demand to get a full essay, order it on our website: OrderEssay.net

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