Calculate the value of goodwill on the basis of 2 years’ purchase of weighted average profits after…

Model: Weighted average method The profits of a company for the year ended 31 March for the last 5 years were as follows:

Year

Profit

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2006

1,20,00,000

2007

15,00,000

2008

9,00,000

2009

7,00,000

2010

4,00,000

Calculate the value of goodwill on the basis of 2 years’ purchase of weighted average profits after weights 1, 2, 3, 4 and 5 respectively to the profits for the years 2006 to 2010.

 

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