Question

Problem No: 12
Profits of a firm for previous years are as under 1997 – Rs. 40,000; 1998 – Rs. 38,000; 1999
- Rs.45,000; 2000- Rs. 64,000. Profits of 1999 include profit on sale of machinery amounting
to Rs. 3,000. It is expected that in future, Company will have to pay rent to Rs. 12,000
instead of Rs. 8,000 previously paid by the firm. Calculate value of goodwill taking 4 years
purchase of the average profits.
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Answer 1

Answer:

too long to type will attach the answer soon

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