Valuation of Unrecorded Intangible Assets and Reduced Goodwill

The last breakdown scheme is based on unrecorded intangible assets, whose value is part of the goodwill, in order to obtain the following relation:

Gn = IA + Gnr [5.1]

where Gn is, as always, the goodwill value, IA the value of intangible assets, autonomously valuated, and Gnr the value of reduced goodwill, that is, the goodwill value excluding IA. This type of breakdown consists of two steps.