Goodwill is considered as.....

The correct answer is option 2- Intangible asset.

Goodwill is considered as intangible asset.

Goodwill is the value of the reputation of a firm in respect of the profits expected in future over and above the normal profits. It is extremely difficult to calculate the value of goodwill due to its nature as an intangible asset. The valuation of a partnership company's goodwill has been encouraged by different methods.