After reviewing the definition of the intangible assets called goodwill, as well as reading the supplemental material and watching the first video, discuss the role of goodwill within a business. What does it take in terms of time, effort, and resources to developed goodwill? Provide any insights based on personal experience.
Post by Friday Assume you will become an entrepreneur. How important will goodwill be for you? Do you think this accounting concept is fair? Does it make sense? Since it is an intangible asset, you are amortizing it. What does this mean and is this fair and sensible?