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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


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 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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