Explain why you think goodwill is referred to as an unidentiable intangible asset What types of items would be considered identiable intangible assets Is there any difference in the annual treatment of identiable and unidentiable intangible assets ...

Identifiable intangible assets include patents copyrights trademarks and other rights to profit from ...

Explain why you think goodwill is referred to as an unidentiable intangible asset. What types of items

Question:

Explain why you think is referred to as an ‘‘unidentiﬁable intangible asset.’’ What types of items would be considered ‘‘identiﬁable ’’? Is there any difference in the annual treatment of identiﬁable and unidentiﬁable ?
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...