Annu baby and chetan are partners in a firm

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Annu, Baby and Chetan are partners in a firm sharing profits and losses equally. They decide to take Deep

nito partnership from 1st April, 2019 for 1/5th share in the future profits. For this purpose, goodwill is tobe valued at 100% of the average annual profits of the previous three or four years, whichever is higher.The annual profits for the purpose of goodwill for the past four years were:Year EndedProfit31st March, 20192,88.000;31st March, 20181,81,80031st March, 20171,87,20031st March, 2016Calculate the value of goodwill.2,53,200(Ans.: Goodwill-2.27,550.)kerage Protit MetWrotit Method whe paet Adimetments are Made​

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