Question

TATIS QUOWIE
Kaku purchased Polu's business with effect from 1.4.2000. The profits disclosed by Polu's
ess with effect
business for the last four years were as follows:
35,000 (including an abnormal gain of 35,000)
* 50,000
(before charging abnormal loss of 10,000)
* 15,000 (loss) (after charging abnormal loss of 7 25,000)
30,000
Calculate the value of firm's goodwill on the basis of 2 years' purchase of the average profits of
the last four years.
1st year
2nd year
3rd year
4th year

Answer 1

Answer:

2 nd year ✔️

Explanation:

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