the profit for the five years of a firm are as follows -years 2013 Rs.4,00,000;year 2014Rs.3,98,000; year 2015 rs.4,50,000;year 2016 Rs.4,45,000 (loss) and year 2017 Rs.5,00,000. calculate goodwill of the firm on the firm on the basis of 5 years average profit
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Explanation:
A. P. =total amount /total years
A. P. =4,00,000+3,98,000+4,50,000-4,45,000+5,00,000/5
A. P. =1,748,000-4,50,000/5
A. p. =1,298,000/5
A. p. =259,600
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