25 :- From the following information, calculate value of goodwill of the firm by applying Capitalisation method
Total capital of the firm Rs 16,00,000
Normal rate of return 10%
Profit for the year Rs 2,00,000
26 :- A firm earned an average profit of Rs 3,00,000 during the last few years. The normal rate of return of the industry is 15%. The assets of the business were Rs 17,00,000 and its liabilities were Rs 2,00,000.
Calculate the goodwill of the firm by capitalisation of average profit.
27 :- A and B were partners in a firm with capitals of Rs 3,00,000 and Rs 2,00,000 respectively. The normal rate of return was 20% and the capitalized value of average profit was Rs 7,50,000. Calculate goodwill of the firm by capitalization of average profit method.
28 :- Puneet and Tarun are in a restaurant business having credit balances in their fixed capital accounts as Rs 2,50,000 each. They have credit balances in their current accounts of Rs 30,000 and Rs 20,000 respectively. The firm does not any liability. They are regularly earning profits and their average profit of last 5 years is Rs 1,00,000. If the normal rate of return is 10%, find the value of goodwill by capitalization of average profit method.