Hello. What is goodwill?Good question. Goodwill is a long-term tangible asset. The goodwill asset arises when operating assets are valued higher than their purchase cost. This happens when an asset is well taken care of and not damaged; therefore, the accumulated depreciation is higher than the actual wear and tear on the asset.Good question. Goodwill is the total amount that a company has contributed to charity during its history. Coodwill is a cumulative amount the