Math, asked by sarthakgedam38, 1 month ago

A Business concem has earned profits for the past five years as follows. Year 2016 - Rs.40,000 Year 2017 -
Rs.45,000 Year 2018 - Rs.48,000 Year 2019 - Rs.52,000 Year 2020 - Rs.45,000 The goodwill of the firm is to be
calculated at the average of the five years profit. The value of goodwill calculated would be-

Answers

Answered by sanada9

AnswerIncome tax expense (45,000 + (31,000 x 6/12)). (60,500) ... Additional depreciation of plant (6,000/2 years x 6/12) ... Alternative method of calculation: ... (a) Xtol – Statement of profit or loss for the year ended 31 March 2014 ... The company has gone from a position of very modest gearing at 5·3% in 2013 to 36·7% in 2014.

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