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Goodwill
Essay specific features
Written by:
Gregory F
Date added:
June 2, 2015
Level:
University
Grade:
C
No of pages / words:
4 / 896
Was viewed:
9376 times
Rating of current essay:
Essay content:
It encompasses the three main elements of the accounting equation – the assets, the liabilities and owner’s equity.
The assets are resources controlled by the enterprise as a result of past event which will give rise to future benefits for the company. And one of the good examples of assets is the intangible assets...
displayed 300 characters
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It comprises of patents, licenses, contracts, copyrights and goodwill. The first four are identifiable intangible assets because they could be identified separately from the rest of the other assets while on the other hand, goodwill is not.
Goodwill is an unidentifiable intangible asset for the reason that it is embedded or included in the entity itself...
displayed 300 characters
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