Question: Calculate the goodwill by using [1] Average Profits. [2] Super Profits. Please provide the interpretation to support your calculation. Question 1: Calculate The Value of

Calculate the goodwill by using [1] Average Profits. [2] Super Profits. Please provide the interpretation to support your calculation. Question 1: Calculate The Value of Goodwill by using Average Profit Goodwill is equal the average profit for a set time period. Assuming a company has average annual profit of the 5 years with $850,000 Formula: Goodwill = Average profits x number of years What is the Goodwill by using Average Profit? Please show your calculation and brief explanation. 350, 000 x 5 = 4,250,000

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