Question

The goodwill of a fim is valued at 4 years' purchase of average profits of

last five years. The profits of the last five years were

Profit ()

2,00,000

(3,00,000)

4,50,000 (including an abnormal gain of F50,000)

3,50,000 (after charging an abnormal loss of T90,000)

2,60,000

Year

2013-14

2014-15

2015-16

2016-17

2017-18

Calculate the amount of goodwill.​

Answer 1

Answer:

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