Which of the following is an intangible assets of a firm?
Answer Details
Goodwill is an intangible asset of a firm. Goodwill represents the value of a company's reputation, brand recognition, customer loyalty, and other non-physical assets. It's the difference between the price paid for a company in a merger or acquisition and the value of its tangible assets like buildings, equipment, and inventory. Goodwill can arise from a variety of factors such as the quality of a company's products or services, its strong customer base, and its skilled workforce. Goodwill is an important asset for a company, as it can help it to generate higher profits and maintain a competitive advantage over time.