Profits earned by the business during the last 5 years were :
2018 – ₹12,000
2019 – ₹13,000
2020 – ₹14,000
2021 – ₹18,000
2022 – ₹(2,000)
Question
Profits earned by the business during the last 5 years were :
2018 – ₹12,000
2019 – ₹13,000
2020 – ₹14,000
2021 – ₹18,000
2022 – ₹(2,000)
Calculate the amount of goodwill to be valued at 2 yeas purchase of average profits of last 5 years.