on 1st april 3014 a fitm has asset of 100000 excluding stock of 20000. partners capital account dhowed a balance of 60000. the current liablities were 10000 and the balance condtituted the reserve.if the normal rate of return is 8% thr goofwill of firm is valued at 60000 at 4 years purcahse of super profit. find average profit of firm
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