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he following details are related to ABC & Co, a trading partnership entity. Find the good will using 3 years' purchase (a) average profits (b)

he following details are related to ABC & Co, a trading partnership entity. Find the good will using 3 years' purchase (a) average profits (b) Super profits basis. Capital employed is 600,000. Normal rate of return is 15%.

2017: 90,000, 2018 150,000; 2019 120,000, 2020 180,000

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