Oluwatobiloba Adenola Abeokuta, Nigeria 177 Questions 10 Answers 1 Best Answer 216 Points View Profile 0 Oluwatobiloba AdenolaLevel 2 Asked: March 11, 20202020-03-11T10:11:16+00:00 2020-03-11T10:11:16+00:00In: Business, Finance and Insurance What is goodwill? 0 What is goodwill? Share Facebook 1 Answer Voted Oldest Recent Ayomide 0 Questions 69 Answers 0 Best Answers 158 Points View Profile Ayomide Level 2 2020-04-01T14:54:01+00:00Added an answer on April 1, 2020 at 2:54 pm Goodwill is a long-term or non-current asset categorized as an intangible asset. Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.