Calculate the value of firm's goodwill on the basis of one and half years' purchase of the average profit of the last three years. The profit for first year was Rs. 1,00,000, Profit for the second year was twice the profit of the first year and for the third year profit was one and half times of the profit of the second year.

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 Rs. 50,000, for second year twice the profit of first year and for the third year on and times the profit of the second year.

Calculate value of goodwill on the basis of three years' purchase of average profit of the preceding five years which were as follows:

Abhay, Babu and Charu are pratners sharing profits and losses equally. They agree to admit Daman for equal share of profit. For this purpose, the value of goodwill is to be calculated on the basis of four years' purchase of average profit of last five years. These profits for the year 31st March ,were: On 1st April, 2018, a car costing Rs. 1,00,000 was purchased and debited to Travelling Expenses Account, on which depreciation is to be charged @ 25% . Interest of Rs. 10,000 on Non-trade investments is credit to income for the year ended 31st March, 2018 and 2019. Calculate the value of goodwill after adjusting the above.

(Average Profit Method when Past Adjustments are Made). Om, Shanti and Namo are partners sharing profits and losses equally. They agree admit Dev for equal share. For this purpose, goodwill is to be valued at four years' purchase of average profit of last five years. Profits for the past five years. Profits for the past five years were: On 1st April, 2018, 5 cycles costing Rs. 20,000 were purchased and were wrongly debited to Travelling Expenses. Depreciation on cycles was to be charged @ 25% Calculate value of good will.

A company made a profit of Rs 21,98,56,342 in the first year and Rs 72,34,76,524 in the second year.How much total profit did the company make in the two years?

Geet and Meet are partners in a firm. They admit Jeet into partnership for equal share. It was agreed that goodwill be valued at three years' purchase of average profit of last five years. Profits for the last five years were: Books of Account of the firm revealed that: (i) The firm had gain (profit) of Rs. 50,000 from sale of machinery sold in the year enced 31st March, 2016. The gain (profit) was credited in Profit and Loss Account. (ii) There was an abnormal loss of Rs. 20,000 incurred in the year ended 31st March, 2017 because of a machine becoming obsolete in accident. (iii) Overhauling cost of Second hand machinery purchased on 1st july, 2017 amounting to Rs. 1,00,000 was debited to Repairs Account. Depreciation is charged @ 20% p.a on Writtern Down Value Method. Calculate the value of goodwill.