Goodwill in Accounting - Assignment Point
Goodwill in Accounting
Subject: Accounting | Topics:

Goodwill is an intangible asset that arises because of the acquisition of one company by another for the premium value. The worthiness of a company’s manufacturer, solid customer base, good customer contact, good employee contact and any patents as well as proprietary technology symbolize goodwill. Goodwill is regarded as an intangible asset because it is not a physical property like buildings as well as equipment. The goodwill account are located in the assets portion of a company’s balance sheet.

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