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Goodwill Calculation

Rajiv (Senior Accounts Officer) (1548 Points)

01 September 2018

Sir
My friends is ship owner. Sir how to calculate goodwill for Shop owner. please help

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Ashwin Kumar (168 Points)
Replied 01 September 2018

it's upto you...say if you a share to a person then the profit forgone by you and the number of years for which you can maintain will be the value of goodwill....say if your business profit is 500000 and you can maintain the same for a periode of 3 years and if you are giving 1/5 share for your new incoming partner then your goodwill will be 500000*1/5 *3 that is 300000

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Rajiv (Senior Accounts Officer) (1548 Points)
Replied 01 September 2018

sir if no partner ? than

Ashwin Kumar (168 Points)
Replied 01 September 2018

https://www.investopedia.com/articles/investing/112814/how-calculate-goodwill.asp

subhagan sreerangam (7040 Points)
Replied 23 September 2018

good and nice explanation like it

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