Calculate the goodwill in the following: Goodwill is to be calculated at one year's purchase of the
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Calculate the goodwill in the following:
Goodwill is to be calculated at one year's purchase of the last 3 years' average profit. The profit of the first year was Rs. 6,000, second year twice the profit of the first year and the third year one and half times the profit of the second year.
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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