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प्रश्न
Why is ‘Goodwill’ considered an ‘Intangible Asset’ but not a ‘Fictitious Asset’?
लघु उत्तरीय
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उत्तर
Goodwill can only be felt; it cannot be seen or touched. It is therefore regarded as an intangible asset. It is not a fictitious asset, however, as goodwill has value and may be bought or sold with any other asset, but fictitious assets have no value.
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