Question

The average net profit before making any adjustment for valuation of goodwill of farm was 540000 including 4000 as income from investment the coast of investment as also is present value was 80000 expected future of reduction in the expenditure of 10000 per annum the rate of interest tax is 40010 % to represent as their commercial return the average tangible capital employed was 26080 3200 but on valuation obtained the capital employed was found to be 2880000 a certain value of goodwill on the basis of high fair purchase of super profit

Answer 1

2018 – Profit ₹ 70,000 (including insurance claim received ₹ 18,000 and interest on investments and Dividend received ₹ 8,000). Calculate value of goodwill. Also, ...
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