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Calculate the value of goodwill at 2 year’s purchase of the average profits of the last 3 years. The profit for the first year was ₹ 50,000, for second year twice the profit of first year and for the third year one and half times the profit of the second year.

[Ans. ₹ 2,00,000.]

Anurag Pathak Answered question August 5, 2024
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