Question

please solve it fast
goodwill is valued at 2 years purchase of 3 years normal average profit method ..
YEAR. PROFIT
2012-12 20,000( include insurance claim recieved of 40,000)
2013-14 8000(loss) ( include voluntary retirement paid 1,10,000)
2014-15. 1,05,000( include a profit of 25,000 on sale of a fixed asset)
Calculate value of goodwill​

Answer 1

In your problem, firstly one mistake

2012-2013

Second valuation of Goodwill basis of two years is 2*39000=78000