Goodwill is distinguished from other intangible assets due to which of the following characteristic?
A) monetary nature.
B) physical substance.
C) identifiability.
D) separability.

Question

Quizplus · Accepted Answer

Goodwill is distinguished from other intangible assets primarily due to its lack of identifiability. Unlike other intangible assets that can be separately identified and have a clear value or lifespan, goodwill arises as a result of a business acquisition and represents the excess of the purchase price over the fair value of the identifiable net assets acquired.

Goodwill Is Distinguished from Other Intangible Assets Due to Which