Calculate the value of goodwill at 2 years, purchase from the followin – InterviewSolution

1.

Calculate the value of goodwill at 2 years, purchase from the following 3 years average profits.1995Rs. 270001996Rs. 28,0001997Rs. 29,000

Answer»

Average profit = \(\frac{27,000+28,000+29,000}{3}\)= 28,000

Goodwill = 2 yeas purchase of the average profit = 2 × 28,000 = 56,000.

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