Can we show goodwill [intangible asset] in balance sheet ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2011
Dear Sir,
Can we show the goodwill as intangible asset of the organisation in the balance sheet ?? and if yes then how to calculate the same ????
Can we show the goodwill as intangible asset of the organisation in the balance sheet ?? and if yes then how to calculate the same ????
08 December 2011
Yes, there are different methods for valuation of good will
for example 3years purchase of average profits of the past 5 years
Good Will=3x total of past 5 years profit/5
In case of loss it is to be deducted instead of adding
I have explained for understanding purpose only
for example 3years purchase of average profits of the past 5 years
Good Will=3x total of past 5 years profit/5
In case of loss it is to be deducted instead of adding
I have explained for understanding purpose only
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