If average capital of business is ₹ 600000 average annual income is rs. 90000 and normal rate of return is 10% then amount of goodwill by capitalisation method will be ?
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capitalized value = 90,000×100/10 = 9,00,000
net assets = 600,000
goodwill = capitalised value - net assets
= 9,00,000 - 6,00,000
= 3,00,000
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