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Answer Posted / 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.
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