Supreet and Subham are equal partners. They decide to admit for 1/3rd share. For the purpose of admission of Akriti, goodwill of the firm is to be valued at four years' purchase of super profit. Average capital employed in the firm is Rs. 1,50,000. Normal rate of return may be taken as `15%` p.a. Average profit of the firm is Rs. 40,000. Calculate value of goodwill.

Varuna and Karuna are partners for equal shares. They admit Lata into partnership for 1/4th share. It was agreed to value goodwill fo the firm at 4 years' purchase fo super profit. Normal rate of return is 15% of the capital employed. Average profit of the firm is Rs. 4,00,000. Balance Sheet of the firm as at 31st March, 2019 was as follows: Calculate the value of goodwill.

Capital invested in a firm is Rs. 3,00,000. Normal rate of return is 10%. Average profits of the firm are Rs. 41,000 (after an abnormal loss of Rs. 2,000). Calculate goodwill at five times the super profits.

X and Y are partners sharing profits in the ratio of 3:2. On 1st April,2019, they admitted Z as a new partner for 1/5th share, Z bringsRs 7,50,000 as his capital and necessary share for premium of goodwill. On Z's admission, it is decided that goodwill of the firm will be valued at 2 years' purchase of super profit. During the year ended 31st March, 2019, the firm earned a profit ofRs 3,75,000 and capital employed isRs 12,50,000. Assuming that normal rate of return is 20%, calculate the value of goodwill of the firm and pass necessary Journal entries at time of Z's admission.

From the following information, calculate value of goodwill of the firm by applying Capitalisation Method: Total Capital of the firm Rs. 16,00,000. Normal rate of return 10% . Profit for the year Rs. 2,00,000.