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The goodwill of a firm is valued at Rs.1, 35,000 at 3 years purchase of super profit. Determine the missing values: Average Profit =

 

The goodwill of a firm is valued at Rs.1, 35,000 at 3 years purchase of super profit. Determine the missing values: Average Profit = 3,60,000 3 Normal Profit = Rs..... X = = 15 100 Rs.1,20,000 = Rs.... Super Profit = Average Profit - Normal Profit = Rs.1,20,000 - Rs.... = Rs... Goodwill Super Profit * No. of year's purchase.

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