Question

34. From the following particulars, calculate value of goodwill of a firm by Capitalisation of Average Profit
Method:
0 Profits of last five consecutive years ending 31st March, are:
2020—54,000; 2019-742,000;2018–39,000;2017_* 67,000 and 2016—59,000.
(i) Capitalisation rate 20%.
(ii) Net assets of the firm 2,00,000.
1 during the last four years and the normal rate of return
20​

Answer 1

Answer:

60000

Explanation:

not sure about this ans