Plz Answer...

As per my view goodwill is called intangible because some money or money's worth has been actually attached to it whereas fictitious asset contain only book entries and no actual transaction.

With Regards,

Kalpesh

And also only purchased goodwill are recorded in the books.

Hey

Goodwill cant b considered as fictious asset as it can very much be sold by the entity whereas fictious asset cnt be..And it is intangible bcoz it satisfies provisions of AS -26 fr bein classified as intangible.I think everythin is cleared to u