Goodwill is to be valued at three years’ purchase of four years’ average profit. Normal Business Profits of the firm for last four years ending 31st March, were:
2022: ₹12,000; 2023: ₹18,000; 2024: ₹16,000; 2025: ₹14,000.
Calculate amount of Goodwill.
Answer :
Solution-01-min