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General Accounting Discussions: how is goodwill calculated

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    • CommentAuthorthevos
    • CommentTimeMay 28th 2008
     
    my name is eric and i just wanted to know how goodwill was calculated. while i'm at it i.d also like to know whatis the difference between depretiation and amortization.
  2.  
    Goodwill is the difference between the book value of a business, any non-compete agreements and the actual selling price.

    Depreciation refers to tangible property and amortization refers to intangible assets, such as goodwill.
    • CommentAuthorlee
    • CommentTimeMay 30th 2008 edited
     
    Goodwill = Cost of acquisition – Fair value of the net identifiable assets
    depreciation,amortization,depletion refer to the same thing.......
    depreciation is for the tangible assets,amortization can be the account receivable,loan and etc, depletion Depletion refers to the cost basis write-off of natural resources........

    gambate,from carrie
    • CommentAuthoralanzlf
    • CommentTimeJun 10th 2008
     
    In china,we do not book the goodwill in account.

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