Why Is Goodwill Not a Fictitious Asset?

Fictitious assets have no tangible or physical existence and any realisable value, but they always represent actual cash expenditure, that is charged from the profit.

Whereas, goodwill is not an expense and it takes time to build. It cannot be touched or felt, that’s why it is intangible in nature, but goodwill has a realisable value.

That is why goodwill is not considered as a fictitious asset.

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