Is Goodwill a Intangible or Fictitious Asset ?

Answer Posted / shaina

yes goodwill is a intangible asset bcoz goodwill means good
reputation of a concern...it can not be exactly
measured..there are amny methods of calculating goodwill
like super profit method,annuity method etc

Is This Answer Correct ?    8 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is DECR And for wt it is used?

1654


How do you plan to achieve these goals

1862


What is specific reserve

2018


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

1655


Purchase book is a ----------journal

1696






what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

1802


What are motive behind mergers And acquisitions?

1699


what do Loan Loss Coverage Ratio mens describe it with examples?

1751


What is meant by Nostro Reconciliation

1640


Name the Accounting Concepts

1726


Expand----------SAMC

1609


What are the rates of Depreciation? Like machinery items, wooden items?

1541


The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate

2044


I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

1621


what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2007