A firm earned a profit of Rs 50000 on the capital of RS./400000 normal rate of return is 12%calculate the value of goodwill at 3 year purchase of super profit
Question
Solution 1
Sure, here are the steps to calculate the value of goodwill at 3 years purchase of super profit:
Step 1: Calculate the Normal Profit Normal Profit = Capital * Normal Rate of Return Normal Profit = 400000 * 12/100 Normal Profit = Rs. 48000
Step 2: Calculate the Super Profit Super Profit = Actual Pr Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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