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- 08:15, 21 March 2023 Lukegao1 talk contribs created page How to Account for Goodwill (创建页面,内容为“Goodwill is an intangible asset that represents the excess of the purchase price over the fair value of the identifiable assets acquired in a business combination. Accounting for goodwill requires a specific set of rules and procedures that depend on the accounting standards used by the company. Here are the general steps to account for goodwill: 1. Identify the goodwill: Goodwill is recognized when a business is acquired for a price that exceeds the fair valu…”)