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05 A and B are equal partners. Goodwillis valued at 4 years purchase of theaverage super profit of the lastfive years. Their profit for the lastfive years are I 15000 & 16000,F £2000 & 18000 and & 30,000. 10%return on capital employeed in similarbusiness is treated to be as normalprofit. The Capital of their firm ist100 000 - Compute 'Goodwill on the thebasis of super profit. |
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