A business has earned an average profit of 1,80,000 during the last few years and the normal rate of return in similar type ofbusiness is 10%. Find out the goodwill by capitalisation methodassuming that the firm owns total assets worth 19,50,000including therein a goodwill of 1,50,000 and outside liabilitiesworth 3,00,000.Also show that goodwill amounts to be the same under bothaverage profit basis and super profit basis of capitalisation.

A business has earned an average profit of 1,80,000 during the last

1.	A business has earned an average profit of 1,80,000 during the last few years and the normal rate of return in similar type ofbusiness is 10%. Find out the goodwill by capitalisation methodassuming that the firm owns total assets worth 19,50,000including therein a goodwill of 1,50,000 and outside liabilitiesworth 3,00,000.Also show that goodwill amounts to be the same under bothaverage profit basis and super profit basis of capitalisation.
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