Question : The profits of last three years are Rs.4,20,000, Rs.3,90,000 and Rs.4,50,000. Capital employed is Rs.40,00,000 and normal rate of return is 10%. The amount of goodwill calculated on the basis of super profit method for three years of purchase will be:

Option 1: Rs.80,000  

Option 2: Rs.40,000

Option 3: Rs.20,000

Option 4: Rs.60,000

Question : The profits earned by a business over the last 5 years are as follows: Rs.12,000; Rs.13,000; Rs.14,000; Rs.18,000 and Rs.2,000 (loss). Based on two years purchase of the last 5 years profits, value of goodwill will be:

Option 1: Rs.23,600

Option 2: Rs.22,000

Option 3: Rs.1,10,000

Option 4: Rs.1,18,000

Question : Goodwill is to be calculated at one year's purchase of the average of last three years profit. The profit of the first year was Rs.60,000, second year twice the profit of the first year and the third year one and half times of the profit of second year, goodwill amount will be:

Option 1: Rs.1,50,000

Option 2: Rs.1,20,000

Option 3: Rs.1,20,000

Option 4: Rs.1,30,000

Question : A firm earned average profit of Rs.45.000. Rate of return on capital employed is 12% p.a. Total capital employed is Rs.4,00,000. Goodwill on the basis of two years purchase of super profit is:

Option 1: Rs.6,000

Option 2: Rs.12,000

Option 3: Rs.18,000

Option 4: None of these

Question : The profits earned by a business over the  last 5 years are as follows:

Rs 24,000, Rs 26,000, Rs 28,000  Rs 36,000 and Rs 4,000 (loss) based on 2 years' purchase of last 5 years' profits. Value of goodwill will be:

Option 1: Rs 47,200

Option 2: Rs 44,000

Option 3: Rs 2,20,000

Option 4: Rs 2,26,000