Question

(Profit & Loss on fixed assets)In a firm of partner X & Y the followingwas the financial position2014 profits rs 30000 (including profit on sale of land rs 400002015 Loss Rs 25000 (After crediting claim for loss of asset rs350002016 Profit Rs 50000 (Before paying mangers commission Rs 100002017 Profit Rs 40000 (including loss on sale of plant 10000rs)Goodwill to be valued two times of Average normal profit of lastfour year. Find out goodwill​

Answer 1

Answer:

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Explanation:

can you send me the pic of the question then I can answer the question easily.