Question

(Ans.: Goodwill-34,000)
23. The total capital of the form of Sakshi. Mehak and Megha is 1,00,000 and the market rate of interest is
o ne net pronts for the last 3 years were 30,000; 36,000 and 42,000. Goodwill is to be valued
at 2 years purchase of the last 3 years' super profits. Calculate the goodwill of the firm. (Delhi 2017 0​

Answer 1

Answer:

Explanation:

Avg profit=(30000 +36000+42000)/3

= 36000

Please mention the rate of normal return. Then i will write the whole solution by editing the answer.

Thank you

Answer 2

Answer: Goodwil = 42000

Explanation:

Average profit = 30,000+36,000+42,000/3

                         = 1,08,000/3 = 36,000

Normal profit = 1,00,000 x 15/100 = 15,000

Super profit = 36,000 - 15,000 = 21,000

Goodwil = 21,000 x 2

              = 42,000.