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does goodwill depreciates ?
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Answer / venkat
No,it is an intangible asset and thus can't be depreciable.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / sachin
dear venkat
it will depreciates but it called as amertaisation.
Ex: Sathyam's Good Will
| Is This Answer Correct ? | 4 Yes | 0 No |
As per AS-14 Goodwill that is purchased should be written
off & such written off is called Amortization.
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