Accountancy, asked by arkosaha001, 8 months ago

Calculate the value of goodwill at 2 years purchase of the average profit of the last 3 years. The profit for the first year was Rs. 50,000, for second year twice the profit of first year and for the third year one and half times the profit of the second year.​

Answers

Answered by pinkirawat78478469
2

Answer:

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Answered by maliksurbhi625
6

Answer:

Explanation:

Profit for first year = 50000

Profit for second year = 100000

Profit for 3 year = 150000

A.p = 300000/3= 100000

Goodwilll= 2× 100000

= 200000

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