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.

Ideal Marketing earned an average profit of Rs. 4,00,000 during the last five years. Normal rate of return on capital employed is 10% . Balance Sheet of the firm as at 31st March, 2019 was as follows: Calculate the value fo goodwill, if it si valued at three years' purchase of Super Profits.

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.

Form the following Balance Sheet of Vinod Enterprises as at 31st March, 2019, calculate the value of goodwill by capitalisation of Super Profits, if the normal rate of return is 20% of the Capital Employed and Average Profit is Rs. 1,50,000:

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.

Capital invested in a firm is Rs 5,00,000. Normal rte of return is 10%. Average profits of the firm are Rs 64,000 (after an abnormal loss of Rs 4,000). Value of goodwill at four times the super profits will be :

The average capital employed of a firm is Rs 4,00,000 and the normal rate of return is 15%. The average profit of the firm is Rs 80,000 per annum. If the remuneration of the partners is estimated to be Rs10,000 per annum, then on the basis of two years purchase of super-profit, the value of teh Goodwill will be:

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.