Question

The profits and losses for the last years are 2007-08 Losses ? 10000; 2008-09
Losses 2500; 2009-10 Profits # 98000 & 2010-11 Profits? 76000. The average
capital employed in the business is 200000. The rate of interest expected
from capital invested is 12%. The remuneration of partners is estimated to be
1000 per month. Calculate the value of goodwill on the basis of four years
purchase of super profits based on the annuity method. Take discounting rate
as 10%
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Answer 1

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