Goodwill
Goodwill comes to the Balance Sheet at the time of acquisition of another business. Though it is an intangible asset, it is not subject to amortization as depreciation is recognized for fixed assets. Instead, it is regularly checked that whether its value has gone down since its acquisition. And this difference line item is called Goodwill Impairment.FYI: Home grown Goodwill does not appear on Balance Sheet due to Historical Cost Principle of Accounting. Assets having indefinite life do not contain depreciation and amortization; No Depreciation for Land, No Amortization for Goodwill.
