Calculate the valurepf goodwill as on 1 jan 2007 on the basis of three years purchase of average profit of the last five years profits. The profit + loss for the year were 2001- 30000 (profit) 2002-40000
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The profit + loss for the year were 2001- 30000 (profit) 2002-40000 ... of three years purchase of average profit of the last five years profits.
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