Question

13. The average profit earned by a firm is * 60,000 including abnorma
income of 7 4,000 on recurring basis. Firm had a fixed assets of
3,00,000 and current assets of 60,000. Its creditors and other Liabilities were rupees 140000. calculate goodwill of the firm based on 3 times of super profit if the normal rate of earning is 15%​

Answer 1

Capitalized Value Of Average Profits=Average Profits×100/Normal rate of return

60000*100/10

=600000

CAPITAL EMPLOYED=Assets-Liabilities

=540000-80000

=460000

Goodwill=Captalized Value of Average

=600000-460000

=140000

GOODWILL=140000

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Answer 2

Answer:

69000

Explanation:

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