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    				| 1. | (Average Profit Method) Partner X is admitted in the firm of A and B for 1/5th share. Calculate new partners share in goodwill on the basis of following information : 2015 Profit 30,000 2016 Profit 50,000 2017 Loss 320,000 2018 Profit 340,000 2019 Profit *50,000 | 
| Answer» 6,000Explanation:30,000+50,000-320,000+340,000+50000= 1,50,0001,50,000÷5 YEARS = 30,00030,000×1/5 = 6,000 | |