as follows:
Year
2012
rofit * 40.000
arned
culate value of goodwill
2015
80% of previous
year's profit
2013
2014
25% higher than 40% higher than
previous year's profit previous year's profit
h are as follows:
2014
2015
Year
2013
2012
it Earned
60,000
80% total profit
earned during the
years 2010 and 2011
25% higher
previous yeux
1.5 times of the
previous year's
profit
profa
[Ans. 2.100
ate value of goodwill.
ate goodwill at 70% of the average profits of last four years :
Year
Profit Earned
4
2012
1,20,000
me goodwill of a firm is estimated at 3 years purchase of UI
[Ans. Value of Goodwill 1629
goodwill of a firm is estimated at 2 years purchase of the average profit of the last
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