a)profit earned for the years 2014 - 15 64000
2015 - 16 70000
2016 - 17 68500
b)normal rate of return 12%
capital employed 400000
the profit included non-recurring profit on an average basis of rupees 4000 you are required to calculate the value of
a)goodwill on the basis of four years purchase of super profit and
b)capitalisation of super profit at 10% rate
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