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CBSE Class 12-commerce Answered

a firm earn a profit of 20000 during the  year end the capital employed by the firm was 120000 normal rate of return 10% calculate goodwill by capitalising super profit   
Asked by riderboy967 | 27 Sep, 2018, 05:37: PM
answered-by-expert Expert Answer
C a p i t a l space E m p l o y e d space equals space 1 comma 20 comma 000 N o r m a l space R a t e space o f space R e t u r n space equals space 10 percent sign N o r m a l space P r o f i t s space equals space 1 comma 20 comma 000 cross times 10 over 100 equals 12 comma 000 S u p e r space P r o f i t s space equals space A v e r a g e space P r o f i t s space minus space N o r m a l space P r o f i t s equals 20 comma 000 space minus 12 comma 000 space equals space 8 comma 000 G o o d w i l l space equals space fraction numerator S u p e r space P r o f i t s over denominator N R R end fraction cross times 100 equals 8 comma 000 cross times 100 over 10 equals 80 comma 000
Answered by | 28 Sep, 2018, 09:48: AM

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