Question:
Sale of ‘goodwill’ is
Sale of ‘goodwill’ is
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Goodwill is an intangible asset—it can't be touched or seen, but it adds value to a business.
Updated On: Apr 16, 2025
- Tangible property
- Intangible property
- Immovable property
- None of the above
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The Correct Option is B
Solution and Explanation
Goodwill refers to the reputation or customer loyalty a business develops over time. It does not have a physical form, and hence, it is classified as intangible property in legal and accounting terms.
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