Following is the Balance Sheet of Anil and Sunil.
| Balance Sheetas on 31stMarch, 2008 |
| Liabilities | Amount
(Rs) | Assets | Amount
(Rs) |
| Capitals : | | | | |
| Anil | 3,60,000 | Machinery | 3,60,000 |
| Sunil | 2,40,000 | Computer | 60,000 |
| Profit and Loss A/c | 60,000 | Stock in trade | 2,70,000 |
| Creditors | 93,000 | Debtors | 1,26,000 |
| Bank overdraft | 87,000 | Cash | 24,000 |
| | | | |
| | 8,40,000 | | 8,40,000 |
The Profit and Losses for the last 5 years were:
| Years | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 |
| (Rs) | 1,50,000 | 1,80,000 | 72,000 | 12,000 | 60,000 |
| (Profit) | (Profit) | (Profit) | (Loss) | (Profit) |
You are required to calculate the value of Goodwill at 5 years purchase of super profit assuming that the normal rate of return is 10% on capital employed in the similar business.
