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Amount paid for acquiring goodwill is __________.
deferred revenue expenditure.
deferred capital expenditure.
Goodwill is an intangible asset which represents non-physical items that add to a company's value but cannot be easily identified or valued. Goodwill will benefit to the business for many years. So, cost of acquiring goodwill (using the name of an old firm) is always a capital expenditure
By: honey kaundal ProfileResourcesReport error
Answer should be Capital expenditure
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