Could you explain the accounting for the intangible assets include goodwill with impairment ?

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Only goodwill recognized in the accounting records is purchased goodwill because...
Posted by:
Ahmed kandil
17-August-2016

Accounting Cost Accounting Financial Accounting Finance

Question added by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies
Date Posted: 2017/05/07

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by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

It's an asset that is not physical in nature. Corporate intellectual property ,including items such as patents, trademarks; copyrights; are intangible assets as are goodill and brand recognition

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