--%>
Assignment Help - homework help

Explain the term Goodwill

Explain the term Goodwill with espect to intangible asset?

E

Expert

Verified

Goodwill is an intangible asset that makes any organization with his good name, by selling quality product, by selling product at lesser price.

Goodwill can also be earned by speaking sweat words to customer. The expert can tell regarding the accurate value of Goodwill however in general IT is the surplus of super profit over general profit.

Or when any concern is gaining more gain than his general rate of return then it means this is making Goodwill.

Goodwill can’t make within night however for generating goodwill any firm can take 10-20 years that is termed as long period and is appropriate for making goodwill.

When you are selling your old firm, you can too demand the value of goodwill with total cost of your asset, whenever you think that Firm or company name is saleable in market.

   Related Questions in Financial Accounting

  • Q : Creation of North American Trade

    Mr. Ross Perot, former Presidential candidate of the Reform Party, that is the third political party in the United States, had strongly protested in the creation of North American Trade Agreement (NAFTA), however, which was inaugurated in the year 1994, due to fear of

    		•
  • Q : Trends in international business

    Explain three important trends which have prevailed in the international business during last two decades.

    		•
  • Q : Objectives of Bretton Woods’s system

    State main objectives of Bretton Woods’s system?

    		•
  • Q : Appropriated retained earnings The

    The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol

    		•
  • Q : Problem on National income Providing

    Providing reasons, describe the treatment assigned to the following which estimates national income.(i) Family members working freely on farm owned by family.(ii) The Payment of interest on borrowings through general government.

    		•
  • Q : International and financial management

    Explain, how international financial management is different from the domestic financial management?

    		•
  • Q : Good international monetary system

    Explain criteria for the ‘good’ international monetary system.

    		•
  • Q : Uncertainty in dollar/franc exchange

    Suppose that your company has an equity position within the French firm. Explain some of the condition under which the dollar/franc exchange rate uncertainty does not have the exchange exposure for your company.

    		•
  • Q : Policy issued by upper management What

    What would you do when upper management issues a new policy and it was problematic to you? Would you pursue the new policy?

    		•
  • Q : Currency trading at discount or at

    What is currency trading at discount or at premium in forward market?

    		•