Question : An asset which is not fictitious, but intangible in nature having realizable value is known as
Option 1: Building
Option 2: Goodwill
Option 3: Machinery
Option 4: Vehicle
Answer (1)
22nd Jan, 2024
Correct Answer: Goodwill
Solution : Answer = Goodwill
Goodwill is an intangible asset representing the reputation, brand value, and customer relationships of a business. Unlike fictitious assets, which have no tangible existence, goodwill holds realizable value as it contributes to the profitability and long-term success of the company through increased customer loyalty and market competitiveness. Goodwill has realizable value.
Hence, the correct option is 2.
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