Question

purchase of super profits, find the average profits of the film.
16. Goodwill is to be valued at two years' purchase of 3 years normal average Profits of th
firms. The Profits for 2017 is 20,000 (including insurance claim received of 35,000
The loss of 2018 is * 15,000 (including voluntary retirement compensation paid 1,05,000
The Profit for 2019 is 75,000 (including a profit of 30,000 on sale of fixed assets
Calculate the value of goodwill as on 1.1.2020.
[Ans. 80,00
to of 3 years unto the date​

Answer 1

Explanation:

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