Question

Calculation of Deceased Partner's Share of Goodwill
5. P. R and S are in partnership sharing profits in the ratio of 4:3:1 respectively. It is provided in
the Partnership Deed that, on the death of any partner, his share of goodwill is to be valued at
half of the profits credited to his account during the previous four completed years.
R dies on 1st January, 2019. The firm's profits for the last four years 2015: 1,20,000, 2016
80,000, 2017 : 40,000, 2018: * 80,000.
Determine the amount that should be credited to Rin respect of his share of goodwill.​

Answer 1

Answer:

don't know because it is not in my syllabus.....