Profit for the five years ending on 31st March, are as follows:
Year 2015 -Rs. 4,00,000, year 2016 - Rs. 3,98,000, Year 2017 - Rs. 4,50,000, Year 2018 - Rs. 4,45,000 and Year 2019 - Rs. 5,00,000.
Calculate goodwill of the firm on the basis of 4 years' purchase of 5 years' average Profit.

Options

A. Rs. 17,54,400
B. Rs. 17,55,000
C. Rs. 18,54,000
D. Rs. 19,55,500

Answer

A

Explanation

Goodwill - Rs. 17,54,400.