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Goodwill can be described as the extra saleable value attached to a prosperous business beyond the intrinsic value of net assets. The need for valuation of goodwill arises in various circumstances i.e. In the case of a sole trading concern, goodwill is valued at the time of selling of a business, to take any person as a partner, to convert sole trading concern into a company. We have broad expertise in the initial recognition of values and subsequent requirements.
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