goodwil

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Querist : Anonymous

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09 March 2010 goodwill valueation ..........

Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2010 ww

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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09 March 2010 ??????

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Madhusudan Bohra

Madhusudan Bohra (Expert)
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13 March 2010 a

Madhusudan Bohra

Madhusudan Bohra (Expert)
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13 March 2010 Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination. It is calculated as an excess of cost of business acquisition over the fair value of identifiable net assets acquired.

Goodwill is assessed for possible valuation imparment at each balance sheet date.

This reduction is reported in the income statement as an imparement loss. Value in use is calculated using estimated cash flow, generally over a five year period, with extrapolating projections for subsequent years.