Hi,
In a business takeover transaction, the surplus amount paid by the acquiring company is shown as Goodwill. Is depreciation allowed on the same?
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Treatment of Goodwill
Replies (3)
Hey........ Amortization is allowed on the same..........
There is no depreciation on goodwill. Goodwill is only amortized.....................
What is the time period over which the same can be amortised? Also, the same is allowed under which section / rule / accounting standrd.
| Originally posted by : Member (Account Deleted) | ||
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There is no depreciation on goodwill. Goodwill is only amortized..................... |
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