The value of goodwill calculated at 3 years purchase of annual profit is?

By: |Published on: Jun 3|Categories: Accounting WAEC| 0 comments

Use the following information to answer the given question

year profit
2003 Le40,000
2004 Le48,000
2005 Le62,000

A. Le 450,000
B. Le 150,000
C. Le 50,000
D. Le 48,000

Correct Answer: Option C

C. Le 50,000

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