Goodwill is an intangible asset that occurs when you acquire a business or asset at a price that's above its tangible value. In other words, it's a premium that you pay to acquire intangible assets. The following are common examples of goodwill.
Intangible assets only show up as goodwill when you have acquired them from another firm. This establishes a value for things such as brands that are difficult to value.
Knowledge and know-how
Strategic assets that have value beyond their book value
Next: Intangible Assets
An intangible capital asset that represents a premium you paid for an asset above its tangible value.
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Assets that have no physical presence.
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