Give any two features of Goodwill.

Explanation

1. Goodwill is an intangible asset. It is non-visible but it is not a fictitious asset.


2. It cannot be separated from the business and therefore cannot be sold like other identifiable and separable assets, without disposing off the business as a whole.


3. The value of goodwill has no relation to the amount invested or cost incurred in order to build it.