Out of the following when will the need for valuation of goodwill does not arise:
Out of the following when will the need for valuation of goodwill does not arise:
Solution
✅ Correct Option: 3
Goodwill is valued whenever there is reconstitution of the firm, such as on admission, retirement, or death of a partner, or on change in profit sharing ratio. On dissolution, the firm is wound up and assets are sold off, so valuation of goodwill as a separate intangible is not required.
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