The goodwill of a firm is valued at Rs.1, 35,000 at 3 years purchase of super...
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The goodwill of a firm is valued at Rs.1, 35,000 at 3 years purchase of super profit. Determine the missing values: Average Profit = 3,60,000 3 Normal Profit = Rs..... X = = 15 100 Rs.1,20,000 = Rs.... Super Profit = Average Profit - Normal Profit = Rs.1,20,000 - Rs.... = Rs... Goodwill Super Profit * No. of year's purchase. The goodwill of a firm is valued at Rs.1, 35,000 at 3 years purchase of super profit. Determine the missing values: Average Profit = 3,60,000 3 Normal Profit = Rs..... X = = 15 100 Rs.1,20,000 = Rs.... Super Profit = Average Profit - Normal Profit = Rs.1,20,000 - Rs.... = Rs... Goodwill Super Profit * No. of year's purchase.
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Answer Solution I Step 1 Calculation of Super Profit from GoodwillSuper Prof... View the full answer
Related Book For
Fundamentals of Taxation 2015
ISBN: 9781259293092
8th edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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