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Goodwill calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2016 RESPECTED ALL
FOR CALCULATION OF GOODWILL IN A PARTNERSHIP FIRM BY AVERAGE PROFIT METHOD,HOW MANY NUMBER OF YEARS .EITHER ACCORDING TO LAST REVISED PARTNERSHIP DEED OR OLD PARTNERSHIP DEED?


WITH REGARDS
BALU
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 September 2016 it is as per the mutually agreed period between the partners.
the concept is more the number of years, higher will be accuracy of average
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