please;send the solutions;of this;question till today please

Dear Student

Calculation of Normal Profit
 

Particulars	Profit for 2013 (Rs)	Profit for 2014 (Rs)	Profit for 2015 (Rs)
Profit	40,000	50,000	60,000
Less: Non Recurring Income		(4,000)
Add: Abnormal Loss by fire	6,000
Less: Remuneration	(6,000)	(6,000)	(6,000)
Less: Income on Investment			(5,000)
Normal Profit	40,000	40,000	49,000
Weight	1	2	3
Weighted Profit	40,000	80,000	1,47,000

 
            
Weighted Average Profit = $\frac{40,000+80,000+1,47,000}{6}= 44,500$
      

Weighted Average Profit = Rs.44,500
Year of Purchase = 2

Goodwill = No. of year of purchase * Weighted Average Profit
                     $$\begin{gathered} 2\times 44,500 \\ = 89,000 \end{gathered}$$

Goodwill = Rs.89,000

Note: The estimated insurance premium for coming years would be treated as an expense in those years respectively. Hence, no effect on current profits.

Regards