Question

AUS. OU,000
17. Goodwill is to be valued at 3 years' purchase of average profits of 3 years upto the date of
valuation after deducting interest @ 6% on capital employed and a fair remuneration to each
partner. The profits are assumed to be earned evenly throughout the year. Fair remuneration
for the work done by each partner is 18,000 per annum and total capital employed is
1,80,000. The trading profits (before charging interest on Capital employed and
remuneration of partners) were 2016 * 65,000 ; 2017 * 75,000 ; 2018 * 80,000 ; 2019
62,000. Calculate value of goodwill of a firm as on 30.6.2019. The firm is having three
partners.
[Ans. 24,100]
husine
firm​

Answer 1

Answer:

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Explanation:

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