A business has earned average profit of Rs. 7,50,000 during the last few years and average capital employed during the

A business has earned average profit of Rs. 7,50,000 during the last few years and average capital employed during the same period amounted Rs.60,00,000 normal rate of return in similar business is 10%. Assets of the business were Rs. 82,00,000 and its external liabilities Rs. 15,00,000. Find value of goodwill by: (i) Capitalisation of Average Profit Method; (ii) Capitalisation of Super Profit Method; (iii) Super Profit Method if the goodwill is valued at 3 years’ purchase of super profit.​

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