Goodwill is to be calculated at one and a half years purchase of average profit for the last 5 years The firm earned the profit during the first 3 years as, Rs 20,000, Rs 18,000 and 2,000 and 5,000 in last 2 years, goodwill amount will be A B C D Rs 12,000 Rs 10,000 Rs 15,000 None of the above Goo...

Goodwill is to be calculated at one and a half years purchase of average profit for...

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Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: Jan 16, 2021 09:05 PM

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