calculate the value of goodwill at 2 years purchase of average profit of last 3 years the profit were :2018-19 Rs 48000. 2019-20 Rs 81000. 2020-21 Rs 73500
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Answered by
13
Answer:
average profit =total profit / no. of years
=48,000 + 81000 + 73500 /3
= 202500/3
=67500
goodwill= average profit × no. of years purchase
= 67500 × 2
=135000
Answered by
11
Answer:
Explanation:
Goodwill = Average profit × No: of year purchases
Average profit = Total profit ÷ NO. of years
2018 - 2019 = 48,000
2019 - 2020 = 81,000
2020 - 2021 = 73,500
Average profit = 2,02,500 ÷ 3 = 67,500
Goodwill = Average profit × No. of year purchases
Goodwill = 67,500 × 2 = 1,35,000
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