5. (Avg. Profit Method) Goodwill is to be valued at two years purchase

1.	5. (Avg. Profit Method) Goodwill is to be valued at two years purchase of 3 years normalaverage profit of the firm. The profit for 2014-15, 20,000 (including insurance claimreceived of * 40,000). The loss for 2015-16 8,000 (including voluntary retirementcompensation paid * 1,10,000). The profit for 2016-17 > 1,05,000 (including a profit of25,000 on the sale of a fixed asset. Calculate the value of goodwill.arnAns. 1,08,000]6 lent
Answer» Answer: 44,660 Explanation: Add TEXT here to the END of your text and click the link below to VIEW

5. (Avg. Profit Method) Goodwill is to be valued at two years purchase of 3 years normalaverage profit of the firm. The profit for 2014-15, 20,000 (including insurance claimreceived of * 40,000). The loss for 2015-16 8,000 (including voluntary retirementcompensation paid * 1,10,000). The profit for 2016-17 > 1,05,000 (including a profit of25,000 on the sale of a fixed asset. Calculate the value of goodwill.arnAns. 1,08,000]6 lent

Answer»

Answer:

44,660

Explanation:

Add TEXT here to the END of your text and click the link below to VIEW

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