Answer Posted / sanjeev kumar mahajan

Reponses to the above query by Sameer and H.R Sreepad..
Bhagi,,. are sustained and i think Vijendra couldn't get
the question that's why has given a diplomatic answer.
question has clearly prescribed the word Intangible assets"
and intangible assets are amoritised not depreciated.
Further Adding if goodwill have been acquired then it is
shown in books and amortised.Self generated goodwill are
not shown in the books as per Accounting Standard 26 as per
IcAI. Thus, question for amortisation of self generated
goodwill don't arises.
Sanjeev Kumar Mahajan
09911700517

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