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Guest

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Guest (Querist)
02 September 2009 Purchase good will from X company for 10 years for 100 lakhs (brand name)

what will be the accountanting treament entry per year will be come that is 100 lakhs/10 = 100000 per year

or Consolidated entry for first year for
100 lakhs for first year

(How to write of this expenditure some part for every year or total amount in one year )
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Kaustuv

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Kaustuv (Expert)
02 September 2009 It should be recorded at full acquisition cost only.

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