AASB 138 describes the distinction between the treatment of internally generated goodwill and purchased goodwill (as well as other intangibles)as arising because:

Question

Quizplus · Accepted Answer

AASB 138 states that internally generated goodwill cannot be reliably measured, whereas purchased goodwill can be reliably measured through the acquisition price. Therefore, the distinction in treatment arises due to the lack of reliable measurement for internally generated goodwill.

AASB 138 Describes the Distinction Between the Treatment of Internally