Goodwill is a peculiar intangible asset because it represents the value paid for the identifiable assets of another business.

Name: Goodwill is a peculiar intangible asset because it represents the value paid for the identifiable assets of another business.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that represents the excess value paid over the fair market value of the net identifiable assets of a business during an acquisition, not the value paid for the identifiable assets themselves.

Goodwill Is a Peculiar Intangible Asset Because It Represents the Value