(i) Goodwill is a tangible asset. (ii) For income tax purposes an accounting year starts on 1st January and ends on 31st March.

(i) Goodwill is a tangible asset. (ii) For income tax purposes an accounting year starts on 1st January and ends on 31st March.
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Do you agree or disagree with the following statement : (i) Goodwill is a tangible ... paid on installation of machinery are revenue expenditures.
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