Saturday, July 10, 2010

Why is Goodridge Hose company for Sale for $35Million US, when its only worth $10?

because it has goodwill...this means the name of the business has a value...may b the value includes the customers it already has...which would cost a lot to get if it doesnt have the customer base...


goodwill by the way is a tangible (invisible) fixed asset for the buying company.

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