68 393
Assignments Done
98,5%
Successfully Done
In December 2018

Answer to Question #53105 in Accounting for Godvictor

Question #53105
Differentiate between non-purchased goodwill and purchased goodwill
Expert's answer
Goodwill can be classified into ‘purchased' and ‘non-purchased goodwill'.
Economists define the difference between the two as follows:
Purchased Goodwill arises from the acquisition of an existing business, while non-purchased goodwill has been built-up over time and cannot be verified objectively.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions