Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits for last

Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits for last four (ending on 31st March of the firm were: 2013 – Rs.12,000; 2014 – Rs.18,000; 2015 – Rs.16,000; 2016- Rs.14,000. Calculate amount of Goodwill.

Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits for last

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