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Question
Goodwill can be depreciated
Goodwill can be depreciated
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Solution
Goodwill is an intangible asset. For intangible assets, amortisation is used instead of depreciation.
Also read:
- True and False Questions on Depreciation
- What Is Depreciation
- MCQs on Depreciation
- What Is a Fixed Asset
- MCQs on Goodwill
Learn about more questions and answers on business studies and various other commerce topics from our website.
Goodwill is an intangible asset. For intangible assets, amortisation is used instead of depreciation.
Also read:
- True and False Questions on Depreciation
- What Is Depreciation
- MCQs on Depreciation
- What Is a Fixed Asset
- MCQs on Goodwill
Learn about more questions and answers on business studies and various other commerce topics from our website.
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