Should Goodwill be treated a pure G/L account or an Asset subledger account

Hi,
Typically Goodwill is the effect of an Merger and Aqcuisition with regards for investments in Fixed assets.  Should it be defined as a pure G/L account and be posted manually in the G/L? Or is this normally posted in the Asset subledger?
Your answers are welcome!
Desi

Hi Desi,
As I said, you'd better consult your accountant. It really depends on the way the goodwill was acquired, was it a result of a merger, etc. It could be written vs. P&L account or balance sheet; but all this is due to the accountant's decision. By the way, if your client work under US GAAP, goodwill should not be armotized anymore, but all the same you'd better define it as an asset, allowing normal asset operations such as write-ups, etc.
Regards,
Eli

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