exam pless

Mohammed company is well established company in Sultanate Of Oman. They are interested in calculating goodwill in average profit methods, super profit method and capitalization method by following details. 1) The profits of the last five years were: OMR 32,500, OMR 25,500, OMR 32,000, OMR 15,525 (Loss) and OMR 12,525 (Loss) Calculate goodwill at thrice the average profits of last five years profits. 2) The books of a business showed that the capital employed on January 1, 2020 was OMR 150,000. The average profit is 12,390. You are required to find out the value of goodwill, based on three years' purchase of the super profit of the business given that the normal rate of return is 5%. 3) A firm earns OMR 55,000 as its average profits. The usual rate of earning is 10%. The total assets of the firm amounted to OMR 240,000 and liabilities are OMR 40,000