The characteristic that distinguishes the goodwill from other intangible assets is:
A)identifiability
B)its nature as a monetary asset
C)that is has a physical embodiment
D)it can be separated from the entity and sold individually.

Question

Quizplus · Accepted Answer

Goodwill cannot be identified or separated from the entity, unlike other intangible assets such as patents or trademarks. Goodwill represents the value of the company's reputation, customer base, and relationship with suppliers, which cannot be quantified or separated from the company as a whole. The other options (B, C, and D) do not accurately distinguish goodwill from other intangible assets.

The Characteristic That Distinguishes the Goodwill from Other Intangible Assets