Question

 Form the following particulars, calculate value of goodwill of a firm by applying Capitalisation of Average Profit Method:
(i) Profits of last five consecutive years ending 31st March are: 2018–₹ 54,000; 2017–₹42,000; 2016–₹ 39,000; 2015–₹ 67,000 and 2014–₹ 59,000
(ii) Capitalisation rate 20%.
(iii) Net assets of the firm ₹ 2,00,000​

Answer 1

Answer:

₹14565757557575757+₹64⁶46464757575774683+₹5909886754231+₹

Answer 2

Answer:

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