Goodwill is:

Amortized over the greater of its estimated life or forty years.

Only recorded by the seller of a business.

The value of a business as a whole, over and above the value of its net identifiable assets.

Recorded when created internally through advertising expense.

Question

Business

Mario Henry

28 July, 00:53

Goodwill is:

Amortized over the greater of its estimated life or forty years.

Only recorded by the seller of a business.

The value of a business as a whole, over and above the value of its net identifiable assets.

Recorded when created internally through advertising expense.

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Answers (1)

Know the Answer?

Carlos Owens · Answer 1

The correct answer is The value of a business as a whole, over and above the value of its net identifiable assets.

Explanation:

Goodwill is an intangible asset that reflects the connections of a customer service business, reputation and other similar factors.

It shows the value of a company's reputation, which can affect its market situation, both positively and negatively.

If it affects positively, it is called goodwill. This is a fixed asset, an element of the company with prolonged value, not generally intended for sale.

However, goodwill can be characterized as something that can generate future profits for the company.

Goodwill is:Amortized over the greater of its estimated life or forty years.Only recorded by the seller of a business.The value of a business as a whole, over and above the value of its net identifiable assets.Recorded when created internally through advertising expense.

Goodwill is:

Amortized over the greater of its estimated life or forty years.

Only recorded by the seller of a business.

The value of a business as a whole, over and above the value of its net identifiable assets.

Recorded when created internally through advertising expense.