2. Calculate the value of Goodwill as on 1st April, 2018 on the basis of three years purchase of the average profits of the last five years. The profits and losses for the years were: 2013-14-Loss) T 80,000 (including Profit on sale of furniture during the year 4,000), 2014-157 1,84,000, 2015-16 1,00,000 (proht on sale of machinery during the year 10,000); 2016-17-1,50,000, 2017-18 -1,80,000 (induding loss on sale of computer * 10,000). (Ans.: Goodwill = 3,18,000 Average Profit=21,06000]
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76000+184000+90000+150000+19000
76000+184000+90000+150000+190000/5
76000+184000+90000+150000+190000/5= 690000/5
76000+184000+90000+150000+190000/5= 690000/5= 138000
76000+184000+90000+150000+190000/5= 690000/5= 138000= 138000×3
76000+184000+90000+150000+190000/5= 690000/5= 138000= 138000×3= 414000
76000+184000+90000+150000+190000/5= 690000/5= 138000= 138000×3= 414000I hope this is helpful for you
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