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- 1. The Goodwill is to be valued at two years' purchase of last four years' average profit. The profits were R.O 40, 000, R.O 32,000, R.O 15,000 and R.O 13,000 respectively. Find out the value of goodwill.Calculate goodwill at three year purchase of the average profits of last five years’ profits. The profits of the last five years were: RO. 23,000, RO. 27,000, RO. 32,000, RO. 20,000 and RO. 18,000. Therefore, the amount of goodwill will be: a. RO 36,000 b. RO 72,000 c. RO 24,000 d. RO 144,000 fast pleaseFrom the following particulars relating to the business of Georg. Compute the value of goodwill on the basis of three years purchase of super profit taking average of last four. Fixed assets 800,000 Current assets 80,000 Current liabilities 160,000 Normal rate of return 15% Managerial remuneration if employed elsewhere $10,000 per annum. Profits of the last four years were $120,000, 130,000, 140,000 and 150,000 respectively.
- The books of a business showed that the capital employed on January 1, 2001 was RO. 450,000 and the profits for the last five years were as follows 2001-RO. 40,000, 2002 -RO. 50,000, 2003 - RO. 60,000, 2004 -RO. 70,000 and 2005 -RO. 80,000. Based on three years purchase of the super profit of the business given that the normal rate of return is 10%. The amount of goodwill will be: a. RO 45,000 b. RO 65,000 c. RO 60,000 d. RO 90,000An asset costing Tk.38000 is estimated to have an economic life of 12 years with a net salvage value of Tk.3000. Find the depreciation charge for the seventh year and the book value at the end of the seventh year by the (i) Sum-of-year-digits method and (ii) Decline balance method2. Goodwill of a firm is to be valued at two years' purchase of three years' average profits. The profits of the last three years were: 2000 - RO 30,000, 2001 -RO. 40,000 and 2002 - RO.35,000. Calculate the amount of goodwill.
- A depreciable property costing 1,400,000 with original residual value of 80,000 after 10 years, had been revalued at a replacement cost of 1,680,000 with residual value of 20,000. The age of the asset is four years when it was revalued. What is the revaluation surplus?Calculate goodwill at twice the average profits of last four years’ profits. The profits of the last four years were: RO. 13,500, RO. 19,500, RO. 8,000 (Loss) and RO. 20,000. Therefore, the amount of goodwill will be: a. RO 22,500 b. RO 67,500 c. RO 45,000 d. RO 12,500 ***fast please****An asset is purchased for Php50,000. The salvage value in 25 years is Php100,00. What are the depreciation in the first three years using straight line method?
- A truck was purchased for $58,000 and depreciates $6560 per year. Suppose that the vehicle is depreciated so that it holds 60% of its value from the previous year. Write an exponential function of the form =yV0bt , where V0 is the initial value and t is the number of years after purchase.A commercial building can be acquired at a downpayment of P 500,000 and a yearly payment of P 100,000 at the end of each year for a period of 10 years starting at the end of five years from the date of purchase. If money is worth 12% compounded yearly, what was the cash price of the commercial bldg?A depreciable property costing P1,400,000 with original residual value of P80,000 after 10 years, had been revalued at a replacement cost of P1,680,000 with residual value of P20,000. The age of the asset is four years when it was revalued. What is the revaluation surplus? Please answer it complete using good accounting form. Thank you