What GOODWILL means: Goodwill is the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor.
- Definition Gift:
- Dictionary property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings goodwill definition.
- Definition General Depreciation System:
- Dictionary used method for computing MACRS depreciation. Personal property is depreciated using the declining-balance method (double or 150 percent, depending on the recovery class) switching to straight line goodwill explain.
- Definition Golden Parachute:
- Dictionary An agreement entered into by a corporation with its top executives to make payments to the executives in the event of a change in corporate control. Such payments are treated as compensation goodwill what is.
- Definition Group Term Life Insurance:
- Dictionary coverage purchased by an employer for a group of employees. Such insurance is renewable on a year-to-year basis and does not accumulate in value; that is, no cash surrender value is built up. The goodwill meaning.
How works Goodwill meaning in Tax definitions G .
