Goodwill calculation
This query is : Resolved
Guest
Guest
(Querist)
11 August 2011
Dear Experts,
Whats exactly no. of years of purchase while calculating Goodwill?
Is it number if years we take to to be able earn current profit?
Regards,
Pooja
Whats exactly no. of years of purchase while calculating Goodwill?
Is it number if years we take to to be able earn current profit?
Regards,
Pooja
CA. Vikash Dwivedi
(Expert)
11 August 2011
number of purchase means the estimated number of years you can earn certain profit by using the same name of the Comapny.
In other words the number of years you will be earning extra profit because of name and reputation of the company.
hope this will answer your query.
In other words the number of years you will be earning extra profit because of name and reputation of the company.
hope this will answer your query.
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