Question

Goodwill is to be valued at three years' purchase of four years' average profit. Profits for last four years ending on 31st March of the firm were:
2016 - Rs. 12,000, 2017 - Rs. 18,000, 2018 - Rs. 16,000, 2019 - Rs. 14,000.
Calculate ammount of Goodwill.

Answer 1

Answer:

5635656456382749265923463

Explanation:

Answer 2

Explanation:

so we need to first need to add all 5 years profit. then we need to divide total profit from 5 to find avarage profit. than ×3