Assessment of goodwill

Assessment of goodwill

Goodwill assessment implies valuation of goodwill of a business organisation or an entity for some specific reason. Goodwill assessments may be undergone under a variety of circumstances, including:
*At the time of admission of a new partner.
*At the time of retirement/death of a partner.
*At the time of dissolution of partnership.
*Calculation of profit/loss prior to incorporation.
*Valuation of business for amalgamation/absorption/merger.
*Valuation of shares.


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