Asked by
Sultan Ansari
on Nov 14, 2024Verified
An asset that cannot be sold separately in the market place is
A) a patent.
B) goodwill.
C) a copyright.
D) a trade name.
Goodwill
An intangible asset that arises when a company is purchased for more than the fair market value of its net assets, representing reputation, brand, or intellectual property.
Sold Separately
Items or services not included with the primary product and must be purchased independently.
- Comprehend the nature and accounting practices associated with goodwill.
Verified Answer
LD
Learning Objectives
- Comprehend the nature and accounting practices associated with goodwill.