Doubt

Future economic benefit is in the form of goodwill.

Thanks... is there any relevant case law?

No, I don't have any. Rather it depends on the facts and situation. Like the statue creates an identity in the customers' minds that this business is still that old reputed one, which earns loyalty of the customers.

like...if he gain profit due to...that statue...or u get the benefit of the statue.....then u can treat as capital....but as above....its a textile shop...and making founder's statue is irrelevant....i mean... seeing founder's statue...no one will buy the material.....so it will be treated as... revenue...