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Goodwill is the future benefits from unidentifiable assets and is to be regarded by the entity as a non-current asset.   Goodwill can be capitalized by amortization in systematic charges against profits over the period of time during which the benefits of the unidentifiable assets are expected to arise.  However if an entity believes that the value assigned to goodwill exceeds the value of the unidentifiable assets acquired, the difference does not constitute goodwill and should be written off immediately to profit and loss.

As the differences between them will affect the profit in the operating year, it is material to be disclosed.

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