Question

24. Calculate the value of goodwill from the following:
(a) A firm earns * 72,000 as its average profits. The rate of normal profit being 12%. The assets of
the firm amounts to 8,00,000 and liabilities are 3,20,000.
(b) X and Y are partners with capital of 16,000 and 3 12,000 respectively. They admit Z as a
partner with one-fourth share in profits of the firm. Z brings 3 16,000 as his capital.

​

Answer 1

Answer:

9- bix6!_63₹'!90?!3*

Explanation:

a) because 72000-1234

b) because 16000