Question

Is goodwill a fixed asset?

Answer 1

Yes, goodwill, though is regarded as an intangible asset in accounting, is also considered as a fixed asset in the balance sheet because it adds value to the business over an extended period of time.

Intangible assets are only listed in a company’s balance sheet when they are acquired assets and such assets that have a useful life span and identifiable value.

Also read:

• Intangible Assets
• Tangible Assets
• Difference Between Assets and Liabilities
• Methods of Valuation of Goodwill

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