Asset Goodwill

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Asset Goodwill

Lecture number:
Lecture Note
Miami University, Oxford
Acc 221 - Intro to Financial Accounting
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Lecture 24 Outline of Previous Lecture  Section 23: Asset Depreciation  Depreciation o Overview  Straight Line Depreciation o Allocates evenly over time  Double Declining Balance Method o Front Loaded o Depreciation Factor o Adjusting Entry  Activity Based Depreciation o Depreciation based on Activity  Removing Assets o No gain or loss o Gain on sale o Loss on sale Outline of Current Lecture  Section 24: Goodwill  Goodwill o What is goodwill? o Calculating goodwill o Day of acquisition o No goodwill o Goodwill into accounting system Current Lecture  Section 24: Asset Goodwill  Goodwill o What is goodwill?  Intangible asset, help to make a company more valuable by adding a variety of aspects:  Brand recognition  Logo  Reputation  Customer loyalty  Trained employees  Location ACC 221 1st Edition

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