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im trying this apps Example 1.1 Ahmad and Ali have been running a cafe under a partnership since 2017. At the end of 2020, Fatimah
im trying this apps
Example 1.1 Ahmad and Ali have been running a cafe under a partnership since 2017. At the end of 2020, Fatimah joined the partnership. The business has the following financial information for the three years prior to Fatimah's admission. The market value of the net tangible assets of the business was estimated to be RM120,000 2018 (RM) 2020 (RM) Profit Turnover 48,000 160,000 2019 (RM) 64,000 240,000 80,000 440,000 Required Compute the goodwill of the partnership using the following methods: (a) Goodwill is valued at two year's average profit for the last three years; (b) Goodwill is valued at a half year's average turnover for the last three years; and (c) Goodwill is the excess of the capitalised value of the profit over the current market value of the net tangible assets Step by Step Solution
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