24 April 2010
Goodwill is an intangible assets and hence, covered under AS 26. As 26 deals with both the kinds of goodwill viz. the one which is acquired for a price and the one which is self generated. However, it specifically excludes from its scope the goodwill arising on Amalgamation and the one which arises on consolidation of accounts. The same is convered under AS 14 and AS 21 respectively.
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