The need for valuation of goodwill arises at the time of :
(A) Change of profit-sharing ratio
(B) Retirement of Partner
(C) Admission of New Partner
(D) Death of a Partner
(E) Dissolution of Firm
Choose the correct answer from the options given below :

Correct option is D

The need for valuation of goodwill arises at times of:
(A) Change in profit-sharing ratio,
(B) Retirement of a partner,
(C) Admission of a new partner,
(D) Death of a partner