What does goodwill represent

Assignment Help Financial Accounting

Reference no: EM13180065

Question 1:

How does goodwill arise and come to be reported on the balance sheet? How is the amount calculated? What does goodwill represent? Will we tend to see a higher or lower amount of goodwill in slower economic times? Explain.

Question 2:

The accounting terms depletion and depreciation describe basically the same thing. Do you agree with the above statement? Explain why or why not

Reference no: EM13180065

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