profits & losses for the last years are : 2011-2012 Losses INR 10,000 2012-2013 Losses INR 2,500 2013-2014 Profits INR 98,000 2014-2015 Profits INR 76,000 The average capital employed in the business is INR 2,00,000. The rate of interest expected from capital invested is 12 %. The remuneration of partners is estimated to be INR 1,000 per month. Calculate the value of goodwill on the basis of four years purchase of super profits based on the annuity of the four years. Take discounting rate as 10%.

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