What is amortisation of goodwill - Accountancy - Reconstitution- Change in Existing Profit Sharing Ratio

Question

What is amortisation of goodwill?

Neha Chopra · Accepted Answer

Dear Student,

Goodwill is an intangible asset and just like tangible assets are
written off/ depreciated over their life goodwill is amortised over
its useful years of life

Regards,