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What is the good will Related: Sound of music part 1 summary chapter ...
Goodwill is an intangible asset associated with the purchase of one company by another. Specifically, goodwill is recorded in a situation in which the purchase price is higher than the sum of the fair value of all identifiable tangible and intangible assets purchased in the acquisition and the liabilities assumed in the process. The value of a company’s brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology represent some examples of goodwill.

The Formula for Goodwill Is:-

Goodwill = P − (A + L)

where:-
P=Purchase price of the target company
A=Fair market value of assets
L=Fair market value of liabilities
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What is the good will Related: Sound of music part 1 summary chapter 2 class 9th?
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