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Rakesh and Ashok earned a profit of Rs. ...

Rakesh and Ashok earned a profit of Rs. 5,000. They employed capital of Rs. 25,000 in the firm. It is expected that the normal rate fo return is `15%` of the capital. Calculate the goodwill if goodwill is valued at three years' purchase of super profit.

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The correct Answer is:
Goodwill - Rs. 3,750.
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TS GREWAL-GOODWILL: NATURE AND VALUATION-Exercise
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  16. From the following information, calculate value of goodwill of the fir...

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  18. From the following particulars, calculate value of goodwill of a firm ...

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