1.

Difference between purchased goodwill and non purchased goodwill

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ANSWER:

Goodwill can be CLASSIFIED into 'purchased' and 'non-purchased goodwill'. Rohan DEFINES the difference between the TWO as FOLLOWS: ... Purchased Goodwill arises from the acquisition of an existing business, while non-purchased goodwill has been built-up over time and cannot be verified objectively".



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