🫵🏻 Goodwill is an intangible asset that accounts for the excess purchase price of another company.
🫵🏻 Items included in goodwill are proprietary or intellectual property and brand recognition, which are not easily quantifiable.
🫵🏻 Goodwill is calculated by taking the purchase price of a company and subtracting the difference between the fair market value of the assets and liabilities.
🫵🏻 Companies are required to review the value of goodwill on their financial statements at least once a year and record any impairments.
🫵🏻 Goodwill has an indefinite life, while most other intangible assets have a finite useful life.
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🔴 This video might be useful for students preparing for -
🫵🏻 11th Commerce #11thcommerce
🫵🏻 12th commerce boards #12thcommerce
🫵🏻 CUET #cuet
🫵🏻 CSEET(CS FOUNDATION ICSI) #cseet
🫵🏻 CA Foundation #cafoundation
🫵🏻 UGC NET COMMERCE #ugcnetcommerce
🫵🏻 LLB #llb
🫵🏻 UGC NET LAW #ugcnetlaw
🫵🏻 Economics Students
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🔴 In this video-
Teacher's Name - CS Payal Popli
Topic - Meaning of GOODWILL
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#padhakulog #economics #economicstudent #statistics #economics11thclass
#csfoundation #icsi #companysecretary #companiesact2013 #commercestudents
#legalaptitudeandlogicalreasoning #cuet #cuetpreparation
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