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Is Goodwill a Intangible or Fictitious Asset ?
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Answer / vinod kumar from the lawrence
Goodwill means good reputation or good name of business.
Goodwill is intangible asset not a fictitious asset. and we
can not calculate exact value of goodwill. because their are
different methods for goodwill and all methods showing
different answers. Goodwill help us in earning more profits.
their are two types of goodwill 1. self generated goodwill
2.Purchased goodwill.
| Is This Answer Correct ? | 60 Yes | 8 No |
Answer / anoop
its an intangible asset,
Ficticious assets are those assets that has no relizable or resale value, since good will has value when realized we can clearly say that its an intangible asset.
Intangible assets are those assets which cant be touched or felt but has value when realized.
| Is This Answer Correct ? | 24 Yes | 3 No |
Answer / 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 |
Answer / asif
goodwill is an fixed asset
though it can not be seen or touched but can be feel in the
form of repo of the company. goodwill gives benefit for
long period of time
Read more:
http://wiki.answers.com/Q/Is_goodwill_a_fixed_asset_or_ficti
tious_asset#ixzz164udHwzN
| Is This Answer Correct ? | 4 Yes | 6 No |
Answer / ekta
There are two types of intangible assets 1 which can be sold(copyright,good will etc)2.which cannot be sold ( adv.suspense A/c etc)but fictitious cannot be sold so goodwill can be sold so it is not a fic. asset
| Is This Answer Correct ? | 1 Yes | 3 No |
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