Use the following information to answer the giv... - WAEC Accounting 2007 Question
Use the following information to answer the given question
\(\begin{array}{c|c}year & profit \ \hline 2003 & Le 40,000\ 2004 & Le 48,000\ 2005 & Le 62,000\end{array}\)
The value of goodwill calculated at 3 years purchase of annual profit is
\(\begin{array}{c|c}year & profit \ \hline 2003 & Le 40,000\ 2004 & Le 48,000\ 2005 & Le 62,000\end{array}\)
The value of goodwill calculated at 3 years purchase of annual profit is
A
Le 450,000
B
Le 150,000
C
Le 50,000
D
Le 48,000
correct option: c
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