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TATIS QUOWIEKaku purchased Polu's business with effect from 1.4.2000. The profits disclosed by Polu'sess with effectbusiness for the last four years were as follows:35,000 (including an abnormal gain of 35,000)* 50,000(before charging abnormal loss of 10,000)* 15,000 (loss) (after charging abnormal loss of 7 25,000)30,000Calculate the value of firm's goodwill on the basis of 2 years' purchase of the average profits ofthe last four years.1st year2nd year3rd year4th year

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