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A, B and C are equal partners. D is admitted to the firm for one-fourth share. D brings Rs. 20,000 as capital and Rs.

A, B and C are equal partners. D is admitted to the firm for one-fourth share. D brings Rs. 20,000 as capital and Rs. 5,000 being half of the premium for goodwill. The value of goodwill of the firm is A B C D Rs.10, 000 Rs.40, 000 Rs.20,000 None of these

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