The Goodwill is to be valued at two years' purchase of last four years' average profit. The profits were R.O 40, 000, R.O 32,000, R.O 15,000 and R.O 13,000 respectively. Find out the value of goodwill
The Goodwill is to be valued at two years' purchase of last four years' average profit. The profits were R.O 40, 000, R.O 32,000, R.O 15,000 and R.O 13,000 respectively. Find out the value of goodwill
The Goodwill is to be valued at two years' purchase of last four years' average profit. The profits were R.O 40, 000, R.O 32,000, R.O 15,000 and R.O 13,000 respectively. Find out the value of goodwill
1. The Goodwill is to be valued at two years'
purchase of last four
years' average profit. The profits were R.O 40, 000, R.O 32,000,
R.O 15,000 and R.O 13,000 respectively. Find out the value of
goodwill.
Definition Definition Intangible asset that includes proprietary or intellectual property and brand value of a firm. Goodwill is recorded in the books when a firm purchases another firm and the purchase price is more than the fair value of net identifiable assets of the acquired business. The amount of goodwill is recorded on the asset side of the balance sheet (statement of financial position).
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