Under super profit basis goodwill is calculated by :
A. No. of years’ purchased x Average Profit
B. No. of years’ purchased x Super profit
C. Superprofit -r Expected rate of return
D. None of these
Answer:B
Under super profit basis goodwill is calculated by :
A. No. of years’ purchased x Average Profit B. No. of years’ purchased x Super profit C. Superprofit -r Expected rate of return D. None of these