Question 14 of 26
Q.Goodwill is classified as :
(a) A tangible asset
(b) A current asset
(c) An intangible asset
(d) A liquid asset
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
54% · 14/26 Questions
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Start your 14-day free trial to unlock the full solution →Goodwill is an intangible asset, so the answer is (c).
Goodwill is the monetary value attached to the reputation, brand and customer loyalty of a business — the extra earning power that lets it earn more than a similar new firm. Because it cannot be seen or touched yet clearly has value, it is classified as an intangible asset.
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