Intangible Assets Vs. Goodwill
While goodwill is technically an intangible asset, it is usually listed as a separate item on a company's balance sheet. As a distinct type of intangible asset, goodwill would come in for example in an acquisition, where it represents the amount of money a company has paid or would pay over the fair value of the net assets to acquire another company.
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Famous quotes containing the words intangible and/or goodwill:
“If an addict who has been completely cured starts smoking again he no longer experiences the discomfort of his first addiction. There exists, therefore, outside alkaloids and habit, a sense for opium, an intangible habit which lives on, despite the recasting of the organism.... The dead drug leaves a ghost behind. At certain hours it haunts the house.”
—Jean Cocteau (1889–1963)
“Despair is the price one pays for setting oneself an impossible aim. It is, one is told, the unforgivable sin, but it is a sin the corrupt or evil man never practises. He always has hope. He never reaches the freezing-point of knowing absolute failure. Only the man of goodwill carries always in his heart this capacity for damnation.”
—Graham Greene (1904–1991)