A partnership's sales for the past five years were as follows £180,000, £190,000, £180,000, £200,000 and £210,000. It has a building which has been valued at £250,000, is owed £25,000 from customers, owes suppliers £10,000 and has a mortgage on the building of £80,000. If the partnership agreement states that the valuation of the partnership should be based on 40% of the previous 5 years sales, what will the goodwill figure be?

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The Answer of A partnership's sales for the past five years were as follows £180,000, £190,000, £180,000, £200,000 and £210,000. It has a building which has been valued at £250,000, is owed £25,000 from customers, owes suppliers £10,000 and has a mortgage on the building of £80,000. If the partnership agreement states that the valuation of the partnership should be based on 40% of the previous 5 years sales, what will the goodwill figure be?

A Partnership's Sales for the Past Five Years Were as Follows