wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is the excess amount called which the firm can get on selling its assets over and above the saleable value of its assets?

Open in App
Solution

Dear Student,

Any amount in excess of the fair value or we say the sellable value which is received by selling an Assets is Generally for Goodwill whose benefit the purchasing entity will avail and will earn profits over and above the normal profits.

Regards

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon