There are some information from the Nayagra Corporation as follows:
(a) Average capital investment in the business Tk. 25,50,000
(b) Sundry assets of the Corporation Tk. 16,00,000 and current liabilities Tk. 2,00,000.
(c) Remuneration to the partners for their service Tk. 40,000 per year.
(d) Net trading profit of the firm for the previous three years are: 1st year Tk. 2,30,000; 2nd
year Tk. 2,20,000; and 3rd year Tk. 2,50,000.
(e) Rate of interest expected from capital having regard to the risk involved 10%.
Requirements: Calculate the goodwill of the firm on the basis of the supper profit method.
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