Chapter 12, Problem 11ICA

To determine

Intangible Asset An asset with no physical existence but can be valued in terms of money is termed as intangible assets.

• (a)

To determine the accounting literature that governs the goodwill and other intangible assets.

To determine

• (b)

To define: To define the term goodwill.

To determine

• (c)

To determine the amortization concept on goodwill.

To determine

• (d)

To determine the testing of goodwill by subsidiary companies.