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To: LT who wrote (1281)11/4/1997 10:16:00 PM
From: JOE MEDSKER  Respond to of 19331
 
Lou,

Thanks, I knew you had the answer.

Best Regards



To: LT who wrote (1281)11/4/1997 10:44:00 PM
From: taxgun  Read Replies (3) | Respond to of 19331
 
as an accountant, i didnt understand a word you said (g)...not sure
that ken could either....goodwill is a good item, it is an ASSET...
however, it does get written off, and therefore reduces profit, but
most people understand to add it back to profit, since it is a
non-cash expense, like depreciation...now, how does that fit into
the questions ? and what is "po" ? pissed off ? jajajaja
jp



To: LT who wrote (1281)11/5/1997 9:05:00 AM
From: Ken Salaets  Respond to of 19331
 
Thanks, Lou, that did help. I've got a corporation chalked full of "goodwill" that has weighed down the balance sheet, but being the novice businessman that I am, I had no idea you could wipe it clean. Sell it?! What a concept! ggg.

Ken


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